Who sets the prices in a capitalist state?

Question

Who sets the prices in a capitalist state?

Answer 1

the seller.  It the product doesn't move, then they will lower it.  If there is a lot of demand, they might raise it

Answer 2

In a PURE capitalist state the prices are not "set" by anyone, but rather by a process. It is a very amazing process whereby the cheapest and best quality product is bought the most and hence prices align to compete against this product. In a PURE capitalist system prices are determined by the demand for a good versus its supply. If supply is down, the price will be higher, if demand is up the price will be higher.

This system of price determination provides for the best known sytem of quality control as well as control over excess cost.

If cows have milk disease everywhere, the price of milk will go up due to its stable demand but lower supply. This higher price will mean that people are automaticaly shielded from

this milk disease and it will also provide for the best allocation of milk under any system.

Answer 3

The business owners.

The problem with a capitalist state is that you can't trust the capitalists.

Answer 4

In the capitalist, or free market system, the prices are determined by the supply and demand of a good.

Answer 5

THE MARKET

Answer 6

Prices are set buy the suppliers and the purchasers. A self regulated market system with no government intervention.

Answer 7

There are very few working laissez faire capitalistic economies, most "capitalism" is really mixed market economy, where prices are set by a variety of sources that change and evolve almost daily.