Szukaj
supply and demand
01
the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices
Przykład
Economists model supply and demand to understand market trends and make forecasts.
The concept of supply and demand in economics is analogous to the law of cause and effect in physics.
A market economy allows businesses to operate based on supply and demand without government interference in pricing.
In economics, supply and demand can often be modeled using linear functions to predict market behavior.
In a free market economy, prices are determined by supply and demand rather than government intervention.
