Scroll Top

search-icon
    drop-arrow

    Fixing

    Introduction

    Fixing is the method of fixing the price of a product instead of letting it be obtained by the forces of the free market. Price fixing is not permitted by law if it involves cooperation from the suppliers and producers to fix the price of a particular service or product.

    Fixing, usually, points to the price-fixing. However, it can also be applicable to other relevant factors. For instance, the supply of a certain product may be fixed so that it can go on and keep up with its level of price or further push it higher.

    Breaking Down Fixing

    In a free market, the price level of a service or product is obtained by the laws of demand and supply. If the level of pricing is higher, then a lot of people will want to get on the production side of it; but a few would be ready to purchase the same.

    If the price is on the lower side, a few people will be finding it worth to produce it, and a lot of people would be willing to purchase the same.

    Ultimately, as per economics, the price will be going to get settled at a level which will be acceptable by either side. This is the fair market value.

    Classical Form

    In the classical form, the fixing of the price is generally a method to force consumers to shell out more than what they intend to pay. It generally includes peers having an understanding in private to maintain their prices at a particular level and thus avoiding the competition in pricing, which will hurt them in some way.

    Another way of fixing the price is an understanding among peers to not pay more than a particular amount for service or product. For instance, if two or more organisations decide not to pay a certain sum for a product, then it may qualify as price-fixing.

    Index

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use

    ISO

    ISO 27001

    Data Center

    SSL

    SSL Certified Site

    128-bit encryption