1月14单词背诵The Definition of “Price” services, resources, including, determine, 单词

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Prices determine how resources are to be used. They are also the means by which
products and services that are in limited supply are rationed among buyers. The price
system of the United States is a complex network composed of the prices of all the
products bought and sold in the economy as well as those of a myriad of services,
including labor, professional, transportation, and public-utility services. The
interrelationships of all these prices make up the “system” of prices. The price of any
particular product or service is linked to a broad, complicated system of prices in
which everything seems to depend more or less upon everything else.
If one were to ask a group of randomly selected individuals to define “price”, many
would reply that price is an amount of money paid by the buyer to the seller of a
product or service or, in other words that price is the money values of a product or
service as agreed upon in a market transaction. This definition is, of course, valid as
far as it goes. For a complete understanding of a price in any particular transaction,
much more than the amount of money involved must be known. Both the buyer and
the seller should be familiar with not only the money amount, but with the amount
and quality of the product or service to be exchanged, the time and place at which the
exchange will take place and payment will be made, the form of money to be used,
the credit terms and discounts that apply to the transaction, guarantees on the product
or service, delivery terms, return privileges, and other factors. In other words, both
buyer and seller should be fully aware of all the factors that comprise the total
“package” being exchanged for the asked-for amount of money in order that they may
evaluate a given price.

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