Information AboutPrice System |
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A price system is an economic system that balances supply and demand based on commodity valuation and using any form of debt token, or money. It is the base category in which all modern economic system fit in to, including socialism, mixed, and free markets. The price system is a primary concern of the Technocratic Movement . HISTORY Fundamentally, price systems have been around as long there has been Trade or Money . From its beginnings as a Barter system, the price system has evolved into the system of global Capitalism that is present in the early 21st Century . Even the Soviet Union and other socialist nations had price systems, as they employed a monetary system. SEE ALSO
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