Define Price?

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I want a simple one sentence definition

2006-11-17 06:22:55 · 3 answers · asked by Dr. Rekhaa Kale 3 in Social Science ➔ Economics

3 answers

Since all value is subjective...

Price is the numerical value that has or will result in the sale of a good or service.

...not to be confused with "cost," which is the value of all things that were given up when you make an economics decision.

2006-11-17 07:38:26 · answer #1 · answered by Understood 3 · 0⤊ 0⤋

The value of an item or a service the seller or provider wishes to exchange the goods or the services from those who seek....

2006-11-17 14:29:21 · answer #2 · answered by deevoonay 3 · 0⤊ 0⤋

The value of money or barter a seller asks for, in exchange for a good or service he is willing to provide.

2006-11-17 15:40:01 · answer #3 · answered by KevinStud99 6 · 0⤊ 0⤋