Difference Between Fare and Price

Fare vs Price

Fare and Price are two words that are often confused when it comes to their usage. Strictly speaking, they are two words with different meanings. The word ‘fare’ is used in the sense of ‘fees or charge to be paid’ as in the sentences:

1.Zoological parks collect entrance fare.

2. The teacher collected the bus fare from the students.

In both the sentences given above, you can see that the word ‘fare’ is used in the sense of ‘fees or charge to be paid’ and hence, the meaning of the first sentence would be ‘zoological parks collect entrance charge’, and the meaning of the second sentence would be ‘the teacher collected the bus charge from the students’.

On the other hand, the word ‘price’ is used in the sense of ‘cost’ or ‘value’ of a product as in the sentences:

1. What is the price of the watch?

2. The price of this book is very high.

In both the sentences, you can find that the word ‘price’ is used in the sense of ‘cost’ and hence, the first sentence could be rewritten as ‘what is the cost of the watch?’, and the second sentence could be rewritten as ‘the cost of this book is very high’.

It is interesting to note that the word ‘price’ is sometimes used in the sense of ‘value’ as in the sentence ‘you do not seem to understand the price of life’. Here, the word ‘price’ is figuratively used in the sense of ‘value’ and hence, the meaning of the sentence would be ‘you do not seem to understand the value of life’.

Hence, it is important not to interchange the two words, namely, ‘fare’ and ‘price’ when it comes to their application and meanings. They are indeed two different words.