The Just Price

The "just price" is a concept from ethics and economics referring to a fair value for a good or service, ensuring neither buyer nor seller is unfairly disadvantaged. It aims to reflect the true worth based on the cost of production, market conditions, and the value to the consumer. The idea is to prevent prices from being excessively high or low due to manipulation, monopolies, or exploitation. While not always precisely measurable, the just price strives for fairness, balancing the interests of both parties and promoting equitable economic exchanges.