Correct Answer - Option 3 : Price
Concept:
Cost:
It is the Amount of expenditure incurred to produce or acquire a commodity having a value. To this cost of the product, agents' commission and stamp duty, etc. are also Added.
Value:
Value is the price estimated to be realized in a sale proceed between a willing buyer and willing seller.
Price:
It is the cost of commodity fixed depending upon the demand from consumers as compared to their other want and for sale purpose taking into account utility, durability, cost of production, satisfaction, and the extent to which it is scared.
Market Value:
The price at which an asset would trade in a competitive Supply and Demand set. Market value is usually interchangeable with open market value or fair value.
Annuity:
Annual periodic payments for repayment of the capital amount invested.
