You are viewing a single comment's thread from:

RE: Role of Price System in a Capitalist Economy!

in Project HOPE3 years ago

Prices are based on the production costs of the product, so whoever obtains better prices for raw materials will have more advantages. Supply and demand pressures the producer to multiply the quantity of units of a certain product, but also the competition of others who enter the game when they see the success of a certain brand plays a determining role in this. @tipu curate 2

Sort:  

Thank you for your comments...