PreIS

Preis is a German noun with two primary meanings. First, der Preis denotes the monetary value assigned to a good or service. Second, der Preis also means a prize or award given for achievement. The plural is Preise. The word originates from Germanic roots and is cognate with Dutch prijs and English price.

Economically, the price is the amount buyers pay and sellers receive for goods or services. It is influenced by supply and demand, production and distribution costs, and market structure. Prices can be fixed as a list price, negotiated in trade, or adjusted over time through discounts and dynamic pricing. Price formation is central to pricing strategy, market efficiency, and consumer behavior.

In the sense of an award, a Preis is an honor granted by an institution or competition. Prize money or other rewards may accompany the honor. Many fields use prestigious Preise or Prizes, such as literary prizes, scientific prizes, or the Nobelpreis (Nobel Prize).

Usage notes: Preis contrasts with Kosten (cost) and Wert (value) in common usage. In economics, related terms include Preisbildung (price formation), Preisindex (price index), and Preisverfall (price decline). The noun also appears in compounds such as Preisgestaltung (pricing), Preisunterschied (price difference), and Nobelpreis.