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price system
In economics, a price system is a component of any economic system that uses prices expressed in any form of money for the valuation and distribution of goods and services and the factors of production. Except for possible remote and primitive communities, all modern societies use price systems to allocate resources, although price systems are not used exclusively for all resource allocation decisions.〔http://www.britannica.com/EBchecked/topic/475822/price-system Retrieved June-10-2009〕
A price system may be either a fixed price system where prices are administered by a government body, or it may be a free price system where prices are left to float "freely" as determined by supply and demand uninhibited by regulations. A mixed price system involves a combination of both administered and unregulated prices.
== History ==
Fundamentally, price systems have been around as long as there has been trade or money.
The price system has evolved into the system of global capitalism that is present in the early 21st century.〔(I Am The Price System R. B. Langan Great lakes Technocrat April 1944, # 66. )〕 The Soviet Union and other Communist states with a centralized planned economy maintained controlled price systems. Whether the ruble or the dollar is used in the economic system, the criterion of a price system is the use of money as an arbiter and usual final arbiter of whether a thing is done or not. In other words, few things are done without consideration for the monetary costs and the potential making of a profit in a price system.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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