Price Vs. Value

In this material world, everything comes with a price-tag. As they say there is no such thing as free lunch - so you have to pay for everything. On the other hand, when you pay for something you expect to get something in return, some good or services in return. The"expectation" can be termed as the value of that thing.

Although price, can be calculated, value is quite difficult to arrive at. Same things can have different values for different people and the same thing can have different "values" for the same people under different circumstances.

Understanding and identifying the value of something before you pay the price for it helps you determine the true cost of it. When you are out shopping you should not buy anything that is available for a good price because its value to you might not be the same. How many times have you asked yourself if something is "worth" the price? This "worth" is the value that you will derive out of the transaction. There is a one-to-one straight relationship between these two things. The more the price, the more the value it is supposed to deliver.

As per Einstein's theory, the total mass remains constant and if you put that theory to the price and value scenario, you may as well say that "the value that you derive from something should be equal to the price that you have paid for it". If this is the case you tend to enjoy that thing more and you end up saying "worth the price". So in general Price/Value = 1;

Sometimes it is difficult to ascertain the monetary price for something - the same way as it is sometimes difficult to ascertain the true value of something. Things for which you can't ascertain the value become priceless. For everything else, as they say, there is always a MasterCard.