Fixed Price Versus Free Price Systems
A price system may be either a fixed price system where prices are set by the government or it may be a free price system where prices are left to float freely as determined by unregulated supply and demand. Or it may be a combination of both with a mixed price system.
Read more about this topic: Price System
Famous quotes containing the words fixed, price, free and/or systems:
“The word “obligation” is very seldom in my thoughts, and consequently very seldom is it uttered by my tongue. For I am satisfied that whoever hath the word “obligation” continually in his mouth hath the love of tyranny steadily fixed in his heart.”
—Sarah Fielding (1710–1768)
“When rich villains have need of poor ones, poor ones may make what price they will.”
—William Shakespeare (1564–1616)
“Promiscuity: optimism, free enterprise, mobility—the American Dream.”
—Mason Cooley (b. 1927)
“The only people who treasure systems are those whom the whole truth evades, who want to catch it by the tail. A system is just like truth’s tail, but the truth is like a lizard. It will leave the tail in your hand and escape; it knows that it will soon grow another tail.”
—Ivan Sergeevich Turgenev (1818–1883)