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prices

A price is the (usually not negative) quantity of payment or compensation given by one party to another in return for one unit of goods or services. In some situation, the price of production has a different name. If the product is a "good" in the commercial exchange, the payment for this product will likely be called its "price". However, if the product is "service", there will be other possible names for this product's name. For example, the graph on the bottom will show some situations A good's price is influenced by production costs, supply of the desired item, and demand for the product. A price may be determined by a monopolist or may be imposed on the firm by market conditions.
Price can be quoted to currency, quantities of goods or vouchers

In modern economies, prices are generally expressed in units of some form of currency. (More specifically, for raw materials they are expressed as currency per unit weight, e.g. euros per kilogram or Rands per KG.)
Although prices could be quoted as quantities of other goods or services, this sort of barter exchange is rarely seen. Prices are sometimes quoted in terms of vouchers such as trading stamps and air miles.
In some circumstances, cigarettes have been used as currency, for example in prisons, in times of hyperinflation, and in some places during World War II. In a black market economy, barter is also relatively common.In many financial transactions, it is customary to quote prices in other ways. The most obvious example is in pricing a loan, when the cost will be expressed as the percentage rate of interest. The total amount of interest payable depends upon credit risk, the loan amount and the period of the loan. Other examples can be found in pricing financial derivatives and other financial assets. For instance the price of inflation-linked government securities in several countries is quoted as the actual price divided by a factor representing inflation since the security was issued.
"Price" sometimes refers to the quantity of payment requested by a seller of goods or services, rather than the eventual payment amount. This requested amount is often called the asking price or selling price, while the actual payment may be called transaction price or traded price. Likewise, the bid price or buying price is the quantity of payment offered by a buyer of goods or services, although this meaning is more common in asset or financial markets than in consumer markets.
Economic price theory asserts that in a free market economy the market price reflects interaction between supply and demand: the price is set so as to equate the quantity being supplied and that being demanded. In turn, these quantities are determined by the marginal utility of the asset to different buyers and to different sellers. Supply and demand, and hence price, may be influenced by other factors, such as government subsidy or manipulation through industry collusion.
When a raw material or a similar economic good for sale at multiple locations, the law of one price is generally believed to hold. This essentially states that the cost difference between the locations cannot be greater than that representing shipping, taxes, other distribution costs and more.

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  1. C

    Prices for clearing a kitchen sink

    Hi I have a little problem or a question if all you experienced people can put me straight please? I am just a bit surprised - I had a call out for a plumbing job - in London - the flat is rented out. The kitchen sink was blocked. I called out one company, they did not fix it, and that was £95...
  2. M

    Commercial price work (prices) advice!

    Hi all. I just wondered whether any of you are currently doing any site work on a price? Only on the plumbing side no gas. Things like cylinder installs, 1st fixing and 2nd fixing. I know this will vary across the country, I’m based in the midlands. Any advice would be helpful. Cheers
  3. M

    Are ASHP prices falling ?

    Hi, Our church is consdering replacing our old gas boilers with modern condensing ones. We would like a hybrid system involving the use of an ASHP. Two of the contractors that have supplied quotes for the work have suggested that we wait for a while on the ASHP as the prices are falling...
  4. CorgiDirect

    Professional Salamander Pumps at the Best Prices. Now Available from CORGI direct

    Professional Salamander Pumps at the Best Prices. Now Available from CORGI direct - https://corgi-direct.com/salamander-pumps-18248-0000 Selecting the Right Shower Pump If you suffer from poor water pressure in your home a shower pump can often be the perfect solution to boosting water...
  5. CorgiDirect

    We have excellent prices and range on BIG WIPES

    Unique, Protection, Tested Shifts PU Foam before it sets from hands, tools and surfaces. No more nasty sticky expanding foam nightmares. Removes all water and oil based coatings before they cure. Banishes stains from cured diamond technology coatings. Quickly removes uncured adhesive residue...
  6. CorgiDirect

    We offer excellent prices on Anton products

    Anton are best known for their popular Sprint Pro range of flue gas analysers, but at CORGI direct we also offer a comprehensive range of pressure & temperature measuring tools and other test equipment, personal CO alarms, gas leak detectors, infra-red thermometers and many more useful tools...
  7. CorgiDirect

    We offer amazing prices on Fernox product !

    We offer amazing prices on Fernox product. Give us a try. We offer a large range and next day delivery - https://corgi-direct.com/fernox-best-prices-online-18160-0000… A few examples Fernox F1 Central Heating Protect 500ml only £11.99 ex vat Fernox Hawk White Jointing Paste 200g £3.78 ex...
  8. CorgiDirect

    Excellent Prices on Fernox Product

    A leading manufacturer of water treatment chemical products, central heating system filters and plumbing consumables. Excellent Prices on Fernox Product. Take a look today #gasengineers #watertreatment #chemicals https://corgi-direct.com/fernox-best-prices-online-18160-0000
  9. CorgiDirect

    Best Prices on top, Ideal, Vaillant, Glow Worm, Heating Spares

    We have introduced a range of top heating spares from select manufacturers , Take a look here Heating Spares - CorgiDirect - https://www.corgi-direct.com/heating-spares-17866-0000
  10. CorgiDirect

    Excellent Prices on Kamco Powerflush Machines

    Excellent Prices on Kamco Powerflush Machines. Professional, Versatile, Easy to use, highly effective products for flushing heating systems - Get yours today - https://corgi-direct.com/power-flush-machines-18089-0000… #kamco #Powerflush #Heatingsystems
  11. CorgiDirect

    EPH Controls and Valves Now Available - Best Prices Online

    VIEW RANGE HERE EPH Controls and Valves
  12. CorgiDirect

    Dickies Workwear - Excellent Prices

    Built for the roughest of days & extreme conditions for the professional engineer VIEW HERE
  13. CorgiDirect

    Testo Flu Gas Analysers From CORGI direct - Excellent Prices

    Testo flue gas analysers cover basic domestic boiler testing, all the way through to the needs of commercial boiler engineers. These multi-functional devices allow heating engineers to test gas pressures, flow and return temperatures VIEW HERE -...
  14. 6

    Wickes prices for kitchen plumbing

    Been asked by a kitchen fitter I know to help him out with Wickes kitchen installs. He hasn’t signed up with them yet, apparently there’s fixed rates for the kitchen sink, gas hob etc. Anyone got a copy? Be useful to see before getting involved…😉
  15. CorgiDirect

    Spooktastic Prices - Winter Clearance Sale - While Stocks Last

    Spooktastic Prices - Order Today While Stocks Last BUY HERE
  16. Dan

    Plumbers Workwear - What prices are you getting for Polo Shirts, Dickies and Hoodies?

    We're getting some forum shirts done, Polo Shirts, found a good quality one that's longer than normal. Don't like the ones that ride up when you're bending over tiling etc. It'll have the forum name on the sleeve, but your own logo on the breast-pocket area (there's no pocket, you know that...
  17. Scott_D

    Joule cylinder prices

    Does anyone have a price list for joule indirect unvented cylinders? Im looking for 300l horizontal and 300l 'short' prices I have googled but prices vary and none are from reputable companys.
  18. CorgiDirect

    Excellent Prices on kane analysers. New range added and available to purchase

    Are you ready for the heating season ? VIEW HERE
  19. centralheatking

    Real Combi Prices .. as offered

    There is so much chit chat about how much this and that cost. I put this up for info only...no connection with this outfit. Local paper for past few months
  20. CorgiDirect

    MEGA Summer Clearance Sale. Low, Low Prices on V12 & Solid Gear Footwear

    Are you ready for the heating season ? VIEW HERE
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