Whether and object had a “true value” or value was arbitrary and based on “supply and demand” was an issue in popular discussion for centuries. Economists pretty must settled on supply-and-demand, and governments usually recognize that, although price gouging, rather than being called a textbook case of supply-and-demand, is called a crime.
Whether and object had a “true value” or value was arbitrary and based on “supply and demand” was an issue in popular discussion for centuries. Economists pretty must settled on supply-and-demand, and governments usually recognize that, although price gouging, rather than being called a textbook case of supply-and-demand, is called a crime.