1. Price as a variable element in the economic environment
Ieva Bruksle
School of Business Administration “Turiba “
Latvia
Ieva Bruksle

2. Price as the element of economic environment
the central problem of any market is the price setting;
the price is the measure of value;
the price acts as the source of information, motivation, as well as the stimulating (regulatory) mechanism.
Ieva Bruksle

3. Price One of the most visible elements of the economy
affects all members of society
consumers
producers,
government
sensitive element in the economic environment
Ieva Bruksle

4. GDP Rank GDP per Rank GDP (millions capita real growth
GDP figures in 2009
14,270, , ,4
5,049, , ,7
4,758, , ,7
3,235, ,
2,635, , ,1
1,255, , ,9
1,243, , ,1
369, , ,1
35, , ,8
24, , ,8
18, , ,7
11, , ,3
United States
Japan
People`s Rep. of China
Germany
France
Russia
India
Norway
Lithuania
Latvia
Estonia
Iceland
GDP Rank GDP per Rank GDP
(millions capita real growth
of USD) (USD) rate (%)‏
Contry
Ieva Bruksle

5. INFLATION RATE – consumer price (%)
4, ,
1, ,
6, ,
2, ,
1, ,
13, ,
7, ,
3, ,
11, ,
10, ,
10, ,
13, ,
United States
Japan
People`s Rep. of China
Germany
France
Russia
India
Norway
Lithuania
Latvia
Estonia
Iceland
Inflation Rank Inflation Rank
Contry
Ieva Bruksle

6. Latvian price dynamic
Ieva Bruksle

7. Weages and price
Ieva Bruksle

8. Conclusions
The Latvian economy appeared recession - changes in the price level increase indicating a lower tendency
Prices can not be considered unrelated to other indicators, as there is observed close dynamics
Prices can be affected directly and indirectly
Ieva Bruksle