Value and Price

5 January 2020 | Value and priced are defined differently.

Value is the importance or worth of something. Value is defined by common senses.

Price is the amount of money for which something is sold. Price is defined by supply and demand forces.

 Low ValueHigh Value
Low PriceOld-version iPhoneLike-new iPhone
High PriceFake iPhoneNew-version iPhone

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