ADMISSION PRICE Meaning and
Definition
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Admission price refers to the fixed amount of money that individuals are required to pay in order to gain entry or access to a particular venue, event, or facility. It is the monetary fee imposed by the owner or organizer that grants individuals the privilege to participate or experience the offered services, activities, or entertainment.
Typically, admission prices are set to cover the costs associated with maintaining and operating the venue or event, as well as to generate revenue for the organizers or owners. These fees may vary depending on a variety of factors, such as the type of venue or event, the level of popularity or demand, and the target audience.
Admission prices can be applicable to a wide range of establishments and events, including theme parks, museums, theaters, sports events, concerts, exhibitions, fairs, and tourist attractions, among others. The price is often determined after considering various factors like the costs of production, staff salaries, maintenance, and amenities provided at the venue.
It is common for admission prices to be influenced by different criteria such as age, membership status, time of entry, group discounts, or special promotions. The price may also vary depending on the level of access, such as general admission versus VIP or premium packages.
The admission price serves as a means of regulating and ensuring fair compensation for the services or experiences offered, while also serving as a mechanism for crowd control and sustainability of the venue or event.
Common Misspellings for ADMISSION PRICE
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Etymology of ADMISSION PRICE
The interpretation of the etymology of the phrase "admission price" can be broken down as follows:
1. Admission: The word "admission" originated from the Latin term "admissio", which is the nominal form of the verb "admittere". "Admittere" is a compound word consisting of "ad" meaning "to" or "towards", and "mittere" meaning "send" or "put". Therefore, "admission" can be understood as the act of allowing or permitting someone to enter or join.
2. Price: The word "price" was derived from the Old French term "pris" meaning "value" or "worth". "Pris" itself came from the Latin word "pretium" which also refers to "price" or "value".
Similar spelling words for ADMISSION PRICE
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