Definition: Market price
Purchasing power parities
The amount of money a willing buyer pays to acquire a good or service from a willing seller. The actual price for a transaction agreed on by the transactors. The net price inclusive of all discounts, surcharges and rebates applied to the transaction. From the seller’s point of view the market price is the basic price; from the buyer’s point of view the market price is the purchasers’ price.
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012