Economic question: What determines the price of goods?

Price is the amount of money needed per unit quantity of goods when exchanging money for goods. In other words, price is the unit value (unit price).

Price is the transformation form of exchange value of commodities in circulation. In the economic and commercial process, price is a value figure set for goods, services and assets in the form of money. In microeconomics, price is one of the important variables in the process of resource redistribution between demand and supply.

In the daily application of modern society, price generally refers to the price or money that the buyer needs to pay when conducting a transaction.

In modern market economy, price is produced by the mutual influence and balance of supply and demand; In classical economics and Marxist economics, price is the external embodiment of the intrinsic value of goods. In fact, these two statements exist dialectically, and both * * * play a role in production activities.

Extended data:

Commodity characteristics:

1. As a commodity, it must be a labor product first. In other words, if it is not the product of labor, it cannot be a commodity. For example, the air and sunshine in nature are necessary for human life, but they are not the products of labor, so they cannot be called commodities.

As a commodity, it must also be used for exchange. Commodities can never be separated from exchange. In other words, even if it is not used for exchange, it cannot be called a commodity.

For example, in ancient times, the traditional family production, the grain planted and the cloth woven by men and women were all products of labor, but they were only for family members' own use, not for exchange with others, so they were not commodities.

3. Useful to others or society. Without use, there will be no exchange, only with use can there be exchange.

The above description of the characteristics of goods is still controversial.

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