The relation between values and prices?
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staffard
Apprentice
Joined: 28 Jan 2007
Posts: 1
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 Posted: 06/24/08 - 10:18 Post subject: |
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| What is the relation to value and prices; I mean what is the relation between these two? I think that I can give you some kind of explanation, but I don’t want to talk about something that I don’t know all that about, so I try not to talk about it at all. This is what I think about these two. The relation between values and prices? |
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brewer
Apprentice
Joined: 16 Nov 2006
Posts: 1
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| Posted: 07/24/08 - 00:30 Post subject: |
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| The higher the value the higher the price is, or I should say vice versa. This is the way that you should look at the connection between value and price. Economic value is when you get the highest price for something and when I say something I mean some kind of service or some kind of product. This is the simplest connection between these two words. Price and value are the same and they go in the same direction. As one raises the other one goes in the same direction and if ones go down the other ones goes down. |
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