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  1. 7 Ιουν 2012 · This article describes how prices are treated in economic theory. Section 17.2 begins by introducing the concepts of ‘rational preference’ and ‘utility function’, which are standard building blocks of models that attempt to explain choice behaviour.

  2. 1 Νοε 2015 · This chapter presents a narrative about the evolution of market theory, which can be divided into two lines of thinking: the genetic-causal and the instrumental-causal traditions. The difference...

  3. Pricing strategy is a plan that an organization set to manage prices so that they can compete in a market and achieve the organization's goals and objectives (Weber, 2012). Setting the...

  4. 4 Οκτ 2023 · The theory of price is an economic theory that states that the price for a specific good or service is determined by the relationship between its supply and demand at any given point. Prices...

  5. Technology and economic theory J. Stan Metcalfe* Technology and technological change play a central role in economics, whether in the theory of resource allocation or in the theory of growth and development. Yet the nature of technology is largely ignored in economic theory, it being considered

  6. 1 Νοε 2015 · It presents a detailed explanation of the historical evidence in order to show that current developments in market-process theory rest on an important intellectual evolution.

  7. Price theory is concerned with explaining economic activity in terms of the creation and transfer of value, which includes the trade of goods and services between di®erent economic agents.