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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
Example
Balancing supply and demand is essential for an economically stable market.
The teacher used a simple model to demonstrate how supply and demand affect prices.
The concept of supply and demand is elementary in economics, serving as a fundamental principle.
Exemplu
Balancing supply and demand is essential for an economically stable market.
The teacher used a simple model to demonstrate how supply and demand affect prices.
The concept of supply and demand is elementary in economics, serving as a fundamental principle.
In economics, supply and demand can often be modeled using linear functions to predict market behavior.
The price of crude oil fluctuates based on supply and demand dynamics in the global market.
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