Definition of price-taker in English:

price-taker

noun

Economics
  • A company that must accept the prevailing prices in the market of its products, its own transactions being unable to affect the market price.

    • ‘‘Farmers and ranchers need to stop being price-takers,’ says Montoya, referring to the food commodity system.’
    • ‘The other thing that strikes me about people on low or middle incomes, particularly those with children, is that they are essentially price-takers of important commodities like electricity, petrol, and diesel.’
    • ‘Commodities are destined to remain price-takers.’
    • ‘We will be more price-takers than price-makers.’
    • ‘That would make us fairly dependent, and we would become price-takers rather than price-makers.’

Pronunciation:

price-taker

/prīsˈtākər/