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”
In fact, more often than not, a multitude of thoughts leads to a choice disorder, primarily because you don’t know yourself well. Self-needs are easily recognized, yet many individuals lack awareness of their desires. Desire is often intricately wrapped in morality, making it more likely that you remain oblivious to it. If you don’t understand what you want, you’ll hesitate to make a choice. This results in the worry that your choices won’t satisfy desires you ’ re unaware of. Having a healthy mind entails honestly aligning your choices and decisions with your desires. Nevertheless, morality, dignity, and concern for others often hinder honest choices. - Joseph’s “just my thoughts”