Шукати
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
The concept of supply and demand is familiar to most students studying economics.
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.
Приклад
The concept of supply and demand is familiar to most students studying economics.
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.
Economists analyze supply and demand equations to forecast market trends and price changes.
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