markitect-main/examples/infospace-with-history/output/entities/market-price-of-commodities.md

Market Price of Commodities

Definition

The actual price at which any commodity is commonly sold, which may be above, below, or exactly the same as its natural price, determined by the proportion between quantity brought to market and the effectual demand.

Source Chapter

Book I, Chapter 7

Context

Distinguished from natural price as the "actual price at which any commodity is commonly sold," with its fluctuations explained through the dynamics of supply and demand.

Economic Domain

Exchange

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