Editing Price

Any [[economic choice]] depends primarily but not entirely on '''price''' - what must be given up in economic terms to make the purchase.  A [[price premium]] is a sort of [[score]] in that indicates a higher willingness to give up other things to achieve better [[comprehensive outcome]]s for that one item.

However, a more general consideration of price and its role in [[moral purchasing]] is required.  Without extra information from [[Consumerium Services]], [[moral purchasing potential]] is low since '''price''' is all that is known.

If items are compared only on a price basis they are called "[[commodity]]".

If they have [[brand name]] identification and unique identity then they are usually considered to have reached [[product]] status - the goal of [[brand management]] is to differentiate one company's products from another.

A true [[service economy]] however considers the whole [[product lifecycle]] and so nothing can actually be considered separate from the [[extraction]] of [[natural capital]] and [[waste]] afterwards - these are services that [[nature's services|nature]] or [[state services|the state]] or others do for us.  An honest consideration of '''price''' includes ''all'' these services.

Economics also puts a [[w:price of life|price on human life]] and [[w:price of Earth|on Earth itself]], implicitly, by refusing to prevent lives or overall [[biodiversity]] or [[carrying capacity]] from being reduced.  There are many controversies about this pricing and whether it should actually exist, but it does, and will for the forseeable future, as long as there is a global civ...