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:

    Since an intelligence common to us all makes things known to us and formulates them in our minds, honorable actions are ascribed by us to virtue, and dishonorable actions to vice; and only a madman would conclude that these judgments are matters of opinion, and not fixed by nature.
    Marcus Tullius Cicero (106–43 B.C.)

    There are many things a man will do, but betrayal for a price is not one of yours.
    Jules Furthman (1888–1960)

    Her voluntary fruits, free without fees;
    Torquato Tasso (1544–1595)

    We have done scant justice to the reasonableness of cannibalism. There are in fact so many and such excellent motives possible to it that mankind has never been able to fit all of them into one universal scheme, and has accordingly contrived various diverse and contradictory systems the better to display its virtues.
    Ruth Benedict (1887–1948)