Economics Dictionary of ArgumentsHome
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| Relative Price - Economics Dictionary of Arguments | |||
| Relative price: Relative price in economics refers to the price of one good or service in comparison to another, often expressed as a ratio. It reflects the opportunity cost of choosing one item over another. Changes in relative prices influence consumer behavior, resource allocation, and the supply and demand for goods in the market. See also Price._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Hayek, Friedrich A. von | Relative Price | Hayek, Friedrich A. von | |
| Rothbard, Murray N. | Relative Price | Rothbard, Murray N. | |
| Sraffa, Piero | Relative Price | Sraffa, Piero | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-03-12 | |||
