> please describe based on facts who writes a number into a computer that will be the price.
The person selling the goods, with a limited but sole-focused understanding of the competitors, stock coming in, stock going out, and forecasting does the best job he can to set the price that maximizes his individual profits
Please do not do that in a symbolic, abstract way, please describe based on facts who writes a number into a computer that will be the price.
How does this happen?
Do you believe that there is a mythical "market" entity that "creates prices"?
Then please explain how it works. Thanks!