What is the name of the value of goods (services) in money, depending on the ratio of supply and demand?
| September 12, 2021 | education
Price is the value of the item in money. Supply and demand influence its establishment. In some cases, the price of a product or service may be formed not because of objective indicators, but because of price collusion. Monopolies can also set their value for goods. In order for the price to be objective, competition between market participants is necessary.
One of the components of a person's success in our time is receiving modern high-quality education, mastering the knowledge, skills and abilities necessary for life in society. A person today needs to study almost all his life, mastering everything new and new, acquiring the necessary professional qualities.
