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In accounting, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. The derivation takes into account such objective factors as the costs associated with production or replacement, market conditions and matters of supply and demand .
In 2009, the global TV market represented 1,217.2 million TV households with at least one TV and total revenues of 268.9 billion EUR (declining 1.2% compared to 2008). [214] North America had the biggest TV revenue market share with 39% followed by Europe (31%), Asia-Pacific (21%), Latin America (8%), and Africa and the Middle East (2%). [ 215 ]
In economics, a price mechanism refers to the way in which price determines the allocation of resources and influences the quantity supplied and the quantity demanded of goods and services. The price mechanism, part of a market system , functions in various ways to match up buyers and sellers: as an incentive, a signal, and a rationing system ...
The just price is found not by counting the cost but by the common estimation. However, as this quote might suggest, the just price isn't always the market price. the members of the School of Salamanca thought that authories were sometimes required to intervene and to control prices, [4] especially in monopoly cases [6] or for staples. [7]
The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost. [1] As a business has virtually no influence on indirect cost, a cost reduction oriented cost breakdown analysis focuses rather on factors contributing to direct cost.
The freight equalisation concept made "essential" items available at relatively constant prices throughout the country. These items included coal , steel , and cement , among many others. The idea was to promote balanced regional development of industries throughout the country, but it developed few coastal states like Maharashtra , Tamil Nadu ...
When there is no room for price competition because of fixed market prices, firms resort to other non-price alternatives to compete. Before deregulation in the late 1970s and early 1980s, there were many industries in the United States where price regulation was done in conjunction with non-price competition but disguised as price competition ...
The system implements national policy for farm price support, operations, procurement, storage, preservation, inter-state movement and distribution. PDS has a network of about 478,000 Fair Price Shops (FPS), perhaps the largest distribution network of its type in the world, operated by the Union Government and state governments.