Greed isn’t about how much you want, but about wanting something without paying for it. Nothing in this world is free; everything has a cost, whether seen or hidden. Trying to get something for nothing leads to problems and consequences. What am I actually paying now, and for what? It’s useful to think about this from time to time. - Joseph’s “just my thoughts”
In an exchange economy , where goods or services are well-made and exchanged for one another’s needs in the market, rather than through barter , ‘ price ’ holds significant importance. The key to business success lies in understanding the prime cost and establishing a ‘price’ based on that cost. If sales surge when a product that typically does not sell well is offered at a very low price, there must be a reason for the low price, as well as an explanation for why it does not sell at a higher price. The price results from the interaction of producers, consumers, and all other market variables . To identify the causes of problems in your business, you must first examine the price adequacy of the product or service you are selling. Price is not merely a number. - Joseph’s “just my thoughts”