Price System - Fixed Price Versus Free Price Systems

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 permanence of all books is fixed by no effort friendly or hostile, but by their own specific gravity, or the intrinsic importance of their contents to the constant mind of man.
    Ralph Waldo Emerson (1803–1882)

    From the point of view of the pharmaceutical industry, the AIDS problem has already been solved. After all, we already have a drug which can be sold at the incredible price of $8,000 an annual dose, and which has the added virtue of not diminishing the market by actually curing anyone.
    Barbara Ehrenreich (b. 1941)

    I am truly free only when all human beings, men and women, are equally free. The freedom of other men, far from negating or limiting my freedom, is, on the contrary, its necessary premise and confirmation.
    Mikhail Bakunin (1814–1876)

    In all systems of theology the devil figures as a male person.... Yes, it is women who keep the church going.
    Don Marquis (1878–1937)