Price: Difference between revisions
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(Price is the amount a consumer pays when buying a product.) |
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Revision as of 03:09, 7 January 2008
Discussion
Price is the amount a consumer pays when buying a product. Profit is the non-negative difference between that price and the production costs that the owners of Physical Sources have already paid. Notice that Wages are a Cost, so keeping Price perpetually above Cost is not required except in systems such as Capitalism where it is used as a measurement of success. --Ownut 19:09, 6 January 2008 (PST)