Traditional Culture Encyclopedia - Traditional stories - What is the difference between the price in economics and the price in marketing?
What is the difference between the price in economics and the price in marketing?
The theoretical price in economics is different from that in real life. Theoretically speaking, price is the monetary expression of commodities, and the principle of equivalent exchange is realized in the process of commodity exchange. The price fluctuates around the value, forming a price law. The study of theoretical price is mainly to provide a basis for the country to formulate commodity price policies, which has great theoretical guiding significance. In real life, the price should be based on marketing. Price is the result of the reconciliation of supply and demand forces between enterprises and consumers. The pricing and price adjustment of enterprises mainly follow the law of value, but it is more important to look at consumers' response to prices, market supply and demand, competition and national policies.
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