Price: Difference between revisions
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(Price is the amount a consumer pays when buying a product.) |
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== Discussion == | == Discussion == | ||
Price is the amount a consumer pays when buying a product. [[Profit]] is the non-negative difference between that price and the production [[ | Within [[User Owned]] theory, Price is the amount a consumer pays when buying a product. | ||
Price = [[Profit]] + [[Cost]] | |||
[[Profit]] is the non-negative difference between that price and the production [[Cost]]s that the owners of [[Physical Sources]] have already paid. | |||
Notice that [[Wage]]s 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. | |||
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[[Category:User_Owned]] | |||
Revision as of 01:13, 13 January 2008
Discussion
Within User Owned theory, Price is the amount a consumer pays when buying a product.
Price = Profit + Cost
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.