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.

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Famous quotes containing the words fixed, price, free and/or systems:

    Indeed, I thought, slipping the silver into my purse ... what a change of temper a fixed income will bring about. No force in the world can take from me my five hundred pounds. Food, house and clothing are mine for ever. Therefore not merely do effort and labour cease, but also hatred and bitterness. I need not hate any man; he cannot hurt me. I need not flatter any man; he has nothing to give me.
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    The price on the wanted
    poster was a-going down, outlaw alias copped my stance
    and moody greenhorns were making me dance; while my mouth’s
    shooting iron got its chambers jammed.
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    You only have power over people so long as you don’t take everything away from them. But when you’ve robbed a man of everything he’s no longer in your power—he’s free again.
    Alexander Solzhenitsyn (b. 1918)

    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)