Price ( page 285 ).
Questions.
1. What is the cost of an article? the price? 2. How do cost and price ordinarily differ? 3. In what exceptional case may cost and price agree? 4. What does price always imply? 5. What is the meaning of value? How does market value differ from intrinsic value? 6. How does value differ from worth? 7. To what are charge and expense ordinarily applied?
Examples.
—— is the life-giving power of anything; ——, the quantity of labor required to produce it; ——, the quantity of labor which its possessor will take in exchange for it.
No man can permanently do business by making the —— of his goods the same as their —— to him, however such a method may help him momentarily in an emergency.