market basket

market basket definition - business

market basket

A defined group of products or services used to provide statistical analysis. For example, the consumer price index measures inflation for the market basket of goods and services purchased by households.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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