Price and Value Agreement

Is the value of some topic equal to the price tag placed on it? Is the value and value of something the same for every person? This is something that umteen battle with real numberizeing properly. To fully understand this concept then you must understand the true difference between the value, price, and expenditure of something. I intend to develop these and provide you with a better understanding by the end of this paper. turn in you ever went grocery shopping and purchased multiple concomitants righteous because on that point was a half off sale or a buy whiz and lease adept free sale?Many of you probably choose water, I am one myself that is guilty of this. However, have you ever really legal opinion about the value of that additional item? Since it was free does it mean that on that point was non value of it either? This is where the importance of knowing the difference in value and price. The value of something does not determine the price of it the price is located by the demand of something and how many atomic number 18 available, or some otherwise cognize as the add together. If there is a high demand of something then there is going to be a milder supply of them available.When the supply is low and the demand is high tribe are willing to pay to a greater extent than for that item when it is available. This is something that you see happening during the holiday season. For example, a few geezerhood ago when the Tickle Me Elmos were so popular, the stores increased the prices by intimately double just because they knew that flock would pay it. Are you one of those people that will pay the price for something you want, regardless on how overmuch it is? at that place are many of people that do scarce not me.I am one of those that will wait for the price to go bring down or will do research online to formulation and see if I can find it cheaper. I am not one of those people that have to have the best of everything althou gh I do like to rub within the modern days. However, I am willing to pay much for fuel and true necessities. I know that there are littler stores and gas stations that have these things but price them higher however, I figure if I can get everything that I need at that cartridge clip in one stop then why should I waste gas to drive around to find what I am looking for?I have besides realized that the send for injury items are more dearly-won that the generic items. This sometimes representation that you get cheaper made products, depending on what you are looking at at that fussy time. I will pay more for the more popular and name chump items when it comes to vehicles and electronics but I am all for the generic in everything else. There are sometimes that I prefer name brand jeans but that is just because they are stronger material for when I work. My uncle is from Mexico and sends money root often.He indicated that the last time he sent money the supersede rate was fou rteen peso to the American dollar. So does this mean that if something cost fourteen thousand dollars here that it is only one thousand in Mexico? No, it does not. Something that would cost 32 peso in Mexico would convert to costing twain dollars and twenty five cents in American dollars. However that same thing is going to cost roughly three dollars and lx cents here. Mexico has a much lower income rate so therefore the cost of musical accompaniment is lower. This besides applies for for each one state here in the United States.There are different states that have higher income levels, thus higher cost of living. This means that goods, services, homes, and many other things are going to be more expensive in that state than what you could get in another state. With this being verbalize is a three bedroom home is atomic number 20 worth more or better than the same three bedroom home in Montana? This does not sire the house any better than the other however, does make it wort h more. This is because California is a much more desire state to lodge in and work because of the attractions and the income level being so high.Therefore, the real estate prices and value go up. The house in California is also going to have a different type of social organization that the one in Montana and that is because of the different climate threats and weather conditions therefore, that also raises the value of the keeping. However, the largest asset that is going to determine the value of the property is the hole of it. I personally would pass up an opportunity to endure in a large state and city any day just to stay in my little town. I may not live in the best house but I do live in the best vicinity of my town.I dont have to worry about the crime and violence where I am as much as others do. The one thing to remember about property value is that it is better to be the roughest house in the best neighborhood than what it is to be the best house in the roughest nei ghborhood. This is once again because of the view determine the value of the home. Not only have the value and prices of real estate in my area went down over the age with the providence but the value of the American dollar has as well. This is caused the cost of living to increase and therefore, the token(prenominal) wage has also.When I first started working the minimum wage was only $5. 15 per hour. Here is Indiana it was actually that for many years up until here just a few years ago. Since the cost of living has gone(p) up, the minimum wage has now gone up to $7. 25 per hour here. I try not to look at it as me only being worth that much but my time for the company being worth that much. I know that my time is worth more to my family however, I have to have a means of supporting them. I think it is really hard to determine the worth of people dependant on their career choice.I opine this because when we proceeds a rookie baseball fake making five jillion dollars a year and a veteran teacher only makes sixty thousand dollars a year it is really hard to believe that a baseball player does more good than a teacher. The baseball player makes more because they throw trillions of dollars in income annually for the team thus why they are able to be paid so much. Although the teachers put in just as much time, if not more, they do not generate any income for the schools, so they could be considered an expense.The funding to pay the teachers come from the government activity and therefore, is much less than that of a baseball player. However, I do not think that the amount of income can determine ones worth especially in this situation. I think I would have to say that I am willing to do many jobs to support myself and my family however, the one that I am not willing to do is fast food. This is because I can not take the heat of being in the kitchen and traffic with the rude customers. It is also a proven fact that those that work in fast food are more apt to be profound and not healthy.I have enough problems with my weight the way it is I dont need the help of the fast food. Price, value, and worth are all related in one way or another. You make decisions on the worth of the item to you every time you decide to make a purchase or not be determining if the item is worth enough to you to pay the price. The higher the demand equals the lower the supply therefore, the lower the supply equals the higher the price. The worth is determined by each individual because an item may be worth more to one person than it is to another.