What is the Difference Between Fare and Price?

The words "fare" and "price" are often used to describe the cost of something, but they have different meanings and are used in different contexts:

• Fare: This term is used in the sense of a fee or charge to be paid, often in the context of transportation or entrance fees. For example, "zoological parks collect entrance fare" and "the teacher collected the bus fare from the students".
• Price: This term is used in the sense of the cost or value of a product or service. For example, "what is the price of the watch?" and "the price of this book is very high".

It is important not to interchange the two words when it comes to their application and meanings. They are indeed two different words with distinct meanings and contexts of use.

Comparative Table: Fare vs Price

The terms "fare" and "price" are often used interchangeably in the context of transportation, but they have different meanings. Here is a table highlighting the differences between fare and price:

In summary, fare refers to the cost of transportation or entry to a place, while price refers to the amount paid for a good or service. Fares are typically charged per person or item and are often regulated and standardized, while prices can vary based on various factors and market conditions.