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"Without prices as a standard measure of value, a seller would have to barter for goods by bidding shoes or apples to purchase a sweater"
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoThe value of an item to a consumer.
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What is moral code?
Moral code is the standards that one lives by. You may live by standards that you set for yourself, or the common standards for your community.
Why does the government sometimes set prices?
Governments sometimes set prices to protect producers and consumers from dramatic price swings.
What happens to prices set below market equilibrium?
There are a number of things that will happen to prices set below market equilibrium. They will cause a high demand and this will result in limited supply due to the low prices.
How are prices set in a perfectly competitive market?
By Market Force
In 1930 what was set up to raise farm prices?
AAA
What authority enforces the standards set by the Canadian electrical code?
What authority enforces the standards set by the Canadian electrical code?
Who set the standards for workplace competency?
who sets the standards for work place competency
How do you set and meet quality standards and timescales with internal customers?
You could set out timescales by making set tables to get the quality of timescales at standard You could set out timescales by making set tables to get the quality of timescales at standard
Did media set the standards for beauty?
no
How protocols work?
Protocols are set of standards that help programmers/designers/administrators to have common set of standards for Computing & Network Devices.
Which organization set standards for the field of medicine?
answer
What is moral code?
Moral code is the standards that one lives by. You may live by standards that you set for yourself, or the common standards for your community.
What is pp7307?
pp7307 in relation to British standards is the name given to a set of symbols/linetypes/standards.
By what the prices are set?
faces
Who set the guidelines for avertising prices?
Usually, a country has its own trade and commerce department that regulates and sets guidelines in response to the prices of items and services of a certain country, region or location. They are the ones responsible for studying and analyzing market price changes of different products, and if the pricing of seller's compromise with their standards on pricing, including advertising prices.
How do laws set standards?
Laws set standards in many areas . some laws help make sure that supermarket scales , gasoline pumps , and other measuring devices are accurate . Others set standards for education , including courses of study and attendance requirements .
Where did forex prices come from?
Forex prices are influenced by many factors but the people who actually set the prices are the banks. All Forex prices are based on the current exchange rate set by the bank.
