Tag Archive for: Principle of Value

Principle of Value

Principle of Value:

Every trade in the market has economic value.

Explanation: The real structure of the economy is based on the rational expectations of the citizens; if the macroeconomic system deviates from this fact, the market will fail. In this regard, the theory of expectation can be proposed in economics, that is, the amount paid for a product, will create equal or surplus value for the customer.