Religion Past and Present

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Price/Value
(603 words)

[German Version]

Price represents the charge for an item or a service. Market prices are the result of supply and demand. In the different markets, prices are attached to goods, raw materials and energy, wage and salary rates, interest rates, rates of securities and exchange, or rents and leases. The household as consumer compares the price with an item’s usefulness (measured in terms of willingness to pay), and buys it if, to the household, it is worth at least the price paid. The entrepreneur, o…

Cite this page
Cansier, Dieter, “Price/Value”, in: Religion Past and Present. Consulted online on 09 March 2021 <http://dx.doi.org/10.1163/1877-5888_rpp_SIM_124462>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013



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