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Prices - Prerequisite Of Market Development

Author

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  • VADUVA MARIA

    (CONSTANTIN BRANCUSI UNIVERSITY FROM TARGU-JIU)

Abstract

Prices are the key points of transfer and interactions. Balance means knowing the real demand and adapting thier supply at its level and structure. In studying the prices, the knowledge of economic content and the mechanism of their formation in exchange process is a crucial prerequisites to accomplish the transition from theoretical foundations to practical foundations of concrete modalities, of pricing techniques. If demand can assimilate the production of considered enterprises, then the manufacturer is concerned to determine that level of production for which will get maximum profit, profitability threshold, elasticity of supply compared with the price, to choose the best outlet. Price depends on the intersection of demand and supply.

Suggested Citation

  • Vaduva Maria, 2017. "Prices - Prerequisite Of Market Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 275-279, August.
    • Handle: RePEc:cbu:jrnlec:y:2017:v:4:p:275-279
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