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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    This state is full of these log cabin Abe Lincolns with price tags on ‘em. The louder he yells, the higher his price.
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    The brisk fond lackey to fetch and carry,
    The true, sick-hearted slave,
    Expect him not in the just city
    And free land of the grave.
    —A.E. (Alfred Edward)

    Our little systems have their day;
    They have their day and cease to be:
    They are but broken lights of thee,
    And thou, O Lord, art more than they.
    Alfred Tennyson (1809–1892)