Telecommunications equipment prices are set in more or less competitive markets. Most others, especially those for basic domestic network services, are to a greater or lesser extent set by monopolists or by administrative means. However they are set, the prices will guide the resource allocation of consumers and, through their purchasing behaviour, that of producers.

Inspec keywords: pricing; telecommunication equipment; telecommunication services

Other keywords: telecommunications service prices; basic domestic network service; world telecommunications economics; resource allocation

Subjects: Telecommunication applications