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Tag: WorthBy JGillman, Section News
Worth, or the value of a product when sold to a customer is determined when the want of that product provides a price that matches the desire of the seller to part with it. Sometimes the seller can be so motivated, that they are willing to sell the product for less than it cost them to manufacture, or even to buy. Ultimately, the buyer and seller will freely determine between themselves, the "value" of whatever it is that is being sold by the ACT ITSELF.
A pre-declaration of value, or pre-establishment of price, hardly makes the "worth" an absolute.
The buyer determines what something is worth based on a number of considerations. Considerations are made in how it enhances their life, by satiating current hunger with the purchase of a food stuff, if it keeps them warm as a sweater or coat may, or even how it can allow them to be more efficient in creating their own wealth through the use of a tool or specialized device.
Every thing has SOME value but the many variables which drive the realization of those values are sometimes too complex to easily predict. (3 comments, 1215 words in story) Full Story |
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