In a capitalist economy, the market value of something is determined by ................... and ............................ . Prices are the quantification of those values in terms of the money that is used. When the supply of something is high, relative to demand, the price will be ...................................... . When the demand for something is ................................ relative to the supply, the price will be high. When the .............................. for something is low relative to the .......................... , the price will be high. Prices play an important role in the market economy because the provide the self-interested individual with ............................. , telling each of how to use our unique combination of skills, talents and strengths to produce the greatest amount of material wealth for ourselves.
In a capitalist economy, the market value of something is determined by ................... and ............................ . Prices are the quantification of those values in terms of the money that is used. When the supply of something is high, relative to demand, the price will be ...................................... . When the demand for something is ................................ relative to the supply, the price will be high. When the .............................. for something is low relative to the .......................... , the price will be high. Prices play an important role in the market economy because the provide the self-interested individual with ............................. , telling each of how to use our unique combination of skills, talents and strengths to produce the greatest amount of material wealth for ourselves.
