Price discrimination is defined as the act of charging different prices for the same goods or services to different groups of customers. Synonyms for price discrimination include differential pricing, dynamic pricing, variable pricing, discriminatory pricing, and personalized pricing. Differential pricing refers to the strategy of setting different prices for the same product or service based on factors such as time of day, region, or customer segment. Dynamic pricing involves adjusting prices in real-time based on demand and supply factors. Variable pricing refers to setting different prices for different quantities of a product or service. Discriminatory pricing involves charging different prices based on factors such as gender, age, or income. Personalized pricing involves setting prices based on individual customer behavior and preferences.