Is it possible to decide the fair price of any stuff or service?
Can we decide the real price of any stuff or service? I strongly believe that never we can. Which is the price that you can consider the fair price? In general, we have all randomly decided prices today for each product and services and we believe they are fair prices. On what bases can we decide that this is fair price? In reality there is no firm base for it. What we have is all beliefs. Consider that for some stuff there is a market value of Rs. 5000 for now and you know it well. You went to market to buy that stuff and someone ask you to pay 5010, you feel like he is robbing you. Same way, if the stuff is sold for Rs. 50 and if someone asks you to pay Rs. 51, you still feel the same. How can you decide that the earlier set price Rs.5000 is fair price? May be the very next day someone may give you the same stuff for Rs. 4500 and you will start believing that it is fair price and you will feel that Rs. 5000 was unfair price. After few days someone will offer the sa...