ELI5: Explain Like I'm 5

Pricing

Pricing is a way of exchanging money between someone who wants something and someone who is selling it. It's like a game. When two people agree on the price, they make the deal.

Let's say you want to buy something. The seller will give you a price based on what they think the thing is worth. That price is what they want you to pay for it.

You can decide if you want to pay the price or not. If you think the price is too high, you might try to negotiate a lower price. If you don't think the item is worth what they want, you can either walk away or try to talk the seller down.

Pricing is all about reaching an agreement. Sometimes the buyer and seller don't agree, and the deal never happens. But when there is an agreement, the buyer gets the item they want and the seller gets their money.