The term refers to what we have internalized as the fair price for a product or service. It’s often out of sync with what things now actually cost.
Related Posts
Taiwanese Employees of Foxconn, the Apple Supplier, Detained in China
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
American Airlines Settles Racial Discrimination Case
Three Black men had accused the airline of wrongly forcing them to get off a plane for an hour because of a complaint about body […]
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The enormous support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.