Price

In economics and business, the price is the assigned numerical monetary[?] value of a good or service. The concept of price is central to microeconomics where it is one of the most important variables in resource allocation[?] theory (also called price theory). Price is also central to marketing where it is one of the four variables in the marketing mix that business people use to develop a marketing plan.

Historically, price value has superseded the barter value of pre-monetary systems, in which bartering was used to determine a value of a good or service.

see also pricing, marketing, microeconomics, marketing mix

List of Marketing Topics	List of Management Topics
List of Economics Topics	List of Accounting Topics
List of Finance Topics	List of Economists

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(not to be confused with prize, what one wins in gambling or a competition)

Common misspelling and questions (FAQ)

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