Price is a term used for the amount asked, offered, or paid for an asset, liability or services. Sale price is historical fact, whether it is publicity disclosed or kept confidential. Because of the financial capabilities, motivations, or special interests of a given beer and/or seller, the price paid for goods or services may or may not have any relation to the value which might be ascribed to the goods or services by others. Price is, however, generally an indication of a relative value placed upon the assets, liabilities or services by the particular buyer and/or seller under particular circumstances.
Value is an economic concept referring to the price most likely to be concluded by the buyers and sellers of an asset, or service that is available for purchase. Value is not a fact, but an estimate of the likely price to be paid for assets and services at a given time in accordance with a particular definition of value. The economic concept of value reflects a market’s view of the benefits that accrue to one who owns the assts or receives the services as of the effective date of valuation.