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Q. > Please Help: Difference between Price and Value.
Can any body explain the Difference between Price and Value?
1 Answers
answered Feb 19, 2013 by CA Satuti Mahajan , batala
Price is set by supply and demand.
If supply is low prices go up (Limited quantities)
If supply is high price goes down (Infinite quantities)
If demand is High price goes up (Everybody wants it)
If demand is Low price goes down (Nobody wants it)
Value is how much it is worth excluding supply and demand. Basically the parts and labour involved.
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Comments
Neeraj Tiwari
01-Mar-2013 , 05:42:59 pmIn simple Language. Price consider only monetary aspect while Value include Monetary aspect and Other than monetary aspect. Price is a SUBSET of VALUE.