Price in Economics
Subject: Economics | Topics:

Price in economics the amount of money that has to be paid to acquire a given product. Price sometimes refers to the quantity of payment requested by a seller of goods or services, rather than the eventual payment amount or cost.  Cost in financial matters the measure of cash that must be paid to obtain a given item. Seeing that the sum individuals are set up to pay for an item speaks to its quality, price is likewise a measure.

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