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:

    Genius detects through the fly, through the caterpillar, through the grub, through the egg, the constant individual; through countless individuals the fixed species; through many species the genus; through all genera the steadfast type; through all the kingdoms of organized life the eternal unity. Nature is a mutable cloud which is always and never the same.
    Ralph Waldo Emerson (1803–1882)

    The price of telling your troubles is having to listen to advice.
    Mason Cooley (b. 1927)

    Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
    Noam Chomsky (b. 1928)

    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)