Fair Pricing

Fair pricing refers to setting prices for goods and services based on their true value, taking into account factors like production costs, market demand, and consumer willingness to pay. It aims to balance the interests of buyers and sellers, ensuring that customers feel they are receiving good value while businesses can sustain their operations. Fair pricing avoids practices like price gouging, where prices are excessively raised during shortage situations, and instead promotes transparency and fairness in the marketplace, fostering trust and long-term relationships between consumers and providers.