Abstract
The market price, or market value, is defined as the actual price paid for a commodity during a certain period of time, and may be contrasted with the natural or normal price, which is determined by the long-term forces and the permanent causes of the value of commodities (see Natural Price).
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Bibliography
Hollander, S. 1973. The economics of Adam Smith. London: Heinemann.
Marshall, A. 1920. Principles of economics, 8th ed. Reprinted, London: Macmillan, 1972.
Smith, A. 1776. An inquiry into the nature and causes of the wealth of nations. Oxford: Oxford University Press, 1976.
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Vaggi, G. (2018). Market Price. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1251
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1251
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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