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parity price in Culture

parity price

[(par-uh-tee)]

A price paid to American farmers that is designed to give them the same real income that they had between 1910 and 1914, a period selected because it was a time of agricultural prosperity.

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.