Personal Reflection of Week 8

I've always considered about the difference between price and value. I learned microeconomics before, and learned some basic academic definition. As a matter of fact, I think the value and price are definitely connected with each other, and the differences true exist at the same time.

As for the relationship between value and price, I think the price of products is a kind of performance by money. According to the effect of the law of value and other issues, sometimes the the price of the products seems irrelevant to its' value. However, in the long term, the price of the products absolutely matches there value.

Price and value is relevant, and distinguish from two conceptions. The relationship between this two issues could be summarized to be' value is the base of price, and price is the performance of value'.

Also, I think value decides price. In different condition, the performance of price is also different.

These are all my understanding,

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