You are viewing a single comment's thread from:

RE: What Is Financial Value?

in #economics7 years ago

Absolutely right! Things are valued depending on the context of the situaion. People pay more for which is needed or wanted at a specific moment. The more people want or need something, the higher they're willing to pay and the sellers benefit by maximizing the price.

Sort:  

Yep. It’s really pretty basic but so many people get confused by this.