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A price is the (usually not negative) quantity of payment or compensation given by one party to another in return for one unit of goods or services. In some situation, the price of production has a different name. If the product is a "good" in the commercial exchange, the payment for this product will likely be called its "price". However, if the product is "service", there will be other possible names for this product's name. For example, the graph on the bottom will show some situations A good's price is influenced by production costs, supply of the desired item, and demand for the product. A price may be determined by a monopolist or may be imposed on the firm by market conditions.
Price can be quoted to currency, quantities of goods or vouchers

In modern economies, prices are generally expressed in units of some form of currency. (More specifically, for raw materials they are expressed as currency per unit weight, e.g. euros per kilogram or Rands per KG.)
Although prices could be quoted as quantities of other goods or services, this sort of barter exchange is rarely seen. Prices are sometimes quoted in terms of vouchers such as trading stamps and air miles.
In some circumstances, cigarettes have been used as currency, for example in prisons, in times of hyperinflation, and in some places during World War II. In a black market economy, barter is also relatively common.In many financial transactions, it is customary to quote prices in other ways. The most obvious example is in pricing a loan, when the cost will be expressed as the percentage rate of interest. The total amount of interest payable depends upon credit risk, the loan amount and the period of the loan. Other examples can be found in pricing financial derivatives and other financial assets. For instance the price of inflation-linked government securities in several countries is quoted as the actual price divided by a factor representing inflation since the security was issued.
"Price" sometimes refers to the quantity of payment requested by a seller of goods or services, rather than the eventual payment amount. This requested amount is often called the asking price or selling price, while the actual payment may be called transaction price or traded price. Likewise, the bid price or buying price is the quantity of payment offered by a buyer of goods or services, although this meaning is more common in asset or financial markets than in consumer markets.
Economic price theory asserts that in a free market economy the market price reflects interaction between supply and demand: the price is set so as to equate the quantity being supplied and that being demanded. In turn, these quantities are determined by the marginal utility of the asset to different buyers and to different sellers. Supply and demand, and hence price, may be influenced by other factors, such as government subsidy or manipulation through industry collusion.
When a raw material or a similar economic good for sale at multiple locations, the law of one price is generally believed to hold. This essentially states that the cost difference between the locations cannot be greater than that representing shipping, taxes, other distribution costs and more.

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  1. bsa1917hunter

    Dang prices are low!

    Hey guys, I just wanted to share some recent experiences I've had when visiting some local gunshops. It seems the prices are at or near rock bottom on some of the rifles I really like and use. I'll give some examples of some rifles I've seen in the last 2 weeks. 1. Stainless Tikka CTR 308w with...
  2. PNWguy

    Truck prices...

    Doing some dreaming of when I can upgrade my daily driver. Currently have a 2005 GMC Yukon in great shape with only 95k miles on it. Works great for everyday and towing my little pop-up camper or utility trailer with my Honda Pioneer in it. It's also great for hauling around my best friend; a...
  3. Timbertodd

    Amazon and Optic Prices

    I am looking at a Crimson Trace laser for my G43. Looking at online retailers and talking with local sources the price seems to runs from $210-$280 depending on the retailer. Amazon has the same item for $180. I have read there are issues with counterfeit Leupold scopes. does this appear to be a...
  4. O

    Brass prices?

    I have alot of sized brass that I pick up at local ranges . I go thru it clean it size it. Here is the question . What prices do I need to charge to get this stuff moving. Brass scrap weight is right around $1.80 a pound I lose a lot of weight cleaning the dirt off and removing primers maybe...
  5. Vaultman

    mis-marked prices

    I have a tendency to find items in stores that have mis-marked price tags. Usually a tool or something. Recently, I have scored a Milwaukee Circular Saw for 99 bucks that should have been makred $199. I scored a Yeti 160 for $549 instead of what it should have been, $679. Well today I saw a big...
  6. Chee-to

    CMP releases surplus 1911 information, prices

    CMP releases surplus 1911 information, prices 5/10/18 | by Chris Eger U.S. martial M1911s were in production from 1912-1945 from companies as diverse as Ithaca, Remington-UMC, Singer, and US&S. (Photo: National Archives) The Civilian Marksmanship Program is set to offer to the public 8,000...
  7. joken

    Shot prices?

    I am getting a lot of new, old stock lead shot. What is this stuff selling for these days for casting?
  8. oldcorpgunny

    Used Gun Prices

    This thread usually raises it's head every couple of years. I'm occasionally stunned by the prices that some folks are asking for their firearms. I fell like posting something on their ad that says, "are you completely nuts?" Guns go up in value if they're rare highly desirable or unusual. A...
  9. joken

    Gun prices

    Got the Sportsman's Warehouse ad today. AR $399, Remington 1911 $449 with the $100 rebate from Remington. Gun manufacturers must be feeling the pain of nobama.
  10. Papa

    Ammo prices are rising!!

    Well, for this guy they are...
  11. Pops1911

    AR Prices into the Basement

    Hi Everyone. My son who lives in Oklahoma City just sent me several emails about the cheap prices for new ARs in his area. Cheaper now than your average AK! Go figure. I'm not an AR guy so this is news to me. Maybe to others too. He also sent ads that showed 22lr plentiful and cheap! Could...
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