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:
“Montesquieu well knew, and justly admired, the happy constitution of this country [Great Britain], where fixed and known laws equally restrain monarchy from tyranny and liberty from licentiousness.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“They give us a pair of cloth shorts twice a year for all our clothing. When we work in the sugar mills and catch our finger in the millstone, they cut off our hand; when we try to run away, they cut off our leg: both things have happened to me. It is at this price that you eat sugar in Europe.”
—Voltaire [François Marie Arouet] (1694–1778)
“In a free society the state does not administer the affairs of men. It administers justice among men who conduct their own affairs.”
—Walter Lippmann (1889–1974)
“The skylines lit up at dead of night, the air- conditioning systems cooling empty hotels in the desert and artificial light in the middle of the day all have something both demented and admirable about them. The mindless luxury of a rich civilization, and yet of a civilization perhaps as scared to see the lights go out as was the hunter in his primitive night.”
—Jean Baudrillard (b. 1929)