Individual words have a unique and rich texture, describing a reality far more complex than their
formal equivalents. To illustrate this texture, I will analyze words that
describe prices and their accompanying value perception to show that these
words are not true synonyms but instead complementary words.
On the upper side, some items are expensive, which merely
implies that the price is above average with a tad bit of judgment regarding
its worthwhileness, which can be explained. For example, I can say that that
that the cake is expensive but worth every cent. On a more generic note, a
purchase may involve a big-ticket item, such as a truck, which,
by definition, costs more money objectively. People with a desire to impress or
a need for quality may choose to purchase a top-of-the-line or high-end
model, the fanciest option, or make their purchase at a high-street
location, where the most expensive stores are located. What is lost in savings
is gained in prestige and quality. For elegant parties, hosts may choose to
invest in premium products, such as imported ham, or lavish
entertainment, such as full orchestra, which do luxuries. Swanky hotels
are really good at impressing but come at a high price. Many guests will appreciate the
effort. Somethings that glitter are gold in price and quality.
However, far more people and cultures frown on wasteful spending. In
other words, they hate to overpay and avoid buying overpriced
goods and services, defined as more expensive that they “should” be. If people
feel that the price is above the market, i.e., too high, they might be embarrassed
to discover that they had paid a pretty penny, which is not
attractive at all, or been a victim of highway robbery, as the
cost of an ice cream from a beach vendor, which borders on criminal. If goods
are in short supply, sellers ask for an exuberant price, which is
far more than it should be, meaning it is sky high. Of course,
nobody wants to pay an arm and a leg for anything if they have a
choice.
By contrast, many families are proud of being thrifty,
knowing how to the get the most from their money. They appreciate a good
value, one where the quality and cost reflect each other. They have no
problem being popular priced items, those are inexpensive, and
get by with budget options, those costing less. Everyday
low prices are what they seek. Even better, they relish finding items on
sale for that day or discounted for any reason
since these prices are especially low. They enjoy making a real steal
if they can find an item at wholesale prices, which are clearly
less than any retail ones. Low-street vendors, located far from
the main shopping areas, and the bargain basement, the lowest
floor of many department stores where one can find a real buy,
are their favorite venues. Many people by choice or necessity must be very
economical.
However, everything has a limit. Cheap goods are,
unfortunately both low in price and quality. If it is a dime, a dozen,
it fails to impress those in the know. If someone buys cut-rate or
insists on dirt-cheap goods, it is clear that quality is
completely irrelevant. Items bought for a song are often too good
to be true but not always. For example, the Dutch sold New Amsterdam to the
British, who renamed it New York, for the equivalent $24. Anybody selling at rock-bottom
prices is not making money, which makes no sense in most cases. Thus,
there is a floor somewhere in low prices.
Therefore, when choosing which word to describe a price, consider all
elements, not only the direction but also the connotation. Calling your mother-in-law
cheap or accountant exuberant could have unpleasant results. In practice,
choosing the wrong word can cost you dear, meaning have a high
price beyond your expectations. May this column enrich your knowledge and save
you from misunderstandings.