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)

    Only free men can negotiate. Prisoners cannot enter into contracts.
    Nelson Mandela (b. 1918)

    What is most original in a man’s nature is often that which is most desperate. Thus new systems are forced on the world by men who simply cannot bear the pain of living with what is. Creators care nothing for their systems except that they be unique. If Hitler had been born in Nazi Germany he wouldn’t have been content to enjoy the atmosphere.
    Leonard Cohen (b. 1934)