Fare and price are two terms that are often confused, but they have distinct meanings. Fare refers to the fees or charges that need to be paid for a service, such as entrance fees or transportation fees. For example, zoological parks collect entrance fare, or a teacher collecting bus fare from students. On the other hand, price refers to the cost or value of a product. For instance, asking the price of a watch or noting that the price of a book is high. Sometimes, price can also be used in a figurative sense to mean value, such as understanding the price of life. It is crucial not to interchange fare and price, as they have different applications and meanings.
Key Takeaways
- Fare refers to fees or charges to be paid for a service, such as entrance fees or transportation fees.
- Price refers to the cost or value of a product and can sometimes be used figuratively to mean value.
- It is important not to interchange fare and price, as they have different applications and meanings.
