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Value
Value is in the eyes of the beholders
No two people value a thing identically
Elements of value in the eyes of the creator of a thing are labor, materials, a place to create,
operations, and emotion and faith
Elements of value in the eyes of anyone else are use, price and emotion and faith
Emotion and faith often drive a value higher than anyone will offer
In all transactions between two or more people each makes their own assessment of the
value of the thing concerned
Anything and everything has a value of some sort to someone
Some things are more valuable than others
Some things have no value to some people
Some things have value to all people
Value is often expressed in price, but can be in trade of kind
If the price of a common thing is too high, buyers will note the discrepancy in common
perceived value and not buy
When the government sets the value of a thing lower than the producing price producers will
not produce that item
When the government sets the value of a thing higher than the producing price than a black
market will be created to bring more of that thing to market
When the government attempts to set the value of thing irrespective to either supply or
demand then the true value will be arrived at by other means, usually said to be "illegal"
Value is in the eyes of the beholders
No two people value a thing identically
Elements of value in the eyes of the creator of a thing are labor, materials, a place to create,
operations, and emotion and faith
Elements of value in the eyes of anyone else are use, price and emotion and faith
Emotion and faith often drive a value higher than anyone will offer
In all transactions between two or more people each makes their own assessment of the
value of the thing concerned
Anything and everything has a value of some sort to someone
Some things are more valuable than others
Some things have no value to some people
Some things have value to all people
Value is often expressed in price, but can be in trade of kind
If the price of a common thing is too high, buyers will note the discrepancy in common
perceived value and not buy
When the government sets the value of a thing lower than the producing price producers will
not produce that item
When the government sets the value of a thing higher than the producing price than a black
market will be created to bring more of that thing to market
When the government attempts to set the value of thing irrespective to either supply or
demand then the true value will be arrived at by other means, usually said to be "illegal"