Anthropology (ANTH) 2025 – 400 Free Practice Questions to Pass the Exam

The market principle signifies a fixed value for products because it is based on the idea that the price of goods and services is determined by the relationship between supply and demand in a competitive market. Under this principle, prices are established through the interaction of buyers and sellers, where factors such as scarcity, consumer preferences, and competition influence the determined price. While individual negotiation can occur, the overarching market principle provides a framework for prices that is consistent and reflects a value that is established through collective interactions in the marketplace.

In contrast, the law of supply and demand describes how prices fluctuate based on the availability of a product and consumer desire but does not imply that prices are fixed. The negotiation of personal value refers to the subjective assessment individuals make about the worth of a product, which can vary greatly between different consumers and situations. The concept of borrowing pertains to lending practices and does not directly relate to the establishment of product values in the market.