Product prices refer to the amount of money that consumers must pay to purchase goods or services. These prices can vary based on factors such as production costs, demand, and competition in the market. Retailers often set prices to attract customers while ensuring profitability. Prices can also change over time due to inflation, seasonal trends, or changes in supply and demand. For example, during holiday seasons, the prices of certain products may increase due to higher demand. Understanding product prices helps consumers make informed purchasing decisions and budget effectively.