supply and demand
powers of the market that are responsible for setting the prices according to the relationship between the offered amount of a product to the actual amount that is wanted by the public | ||||
Search Dictionary:
Supply and demand definition was found in categories: Language, Idioms & Slang(1) Encyclopedia(1)
Supply and demand Definition from Language, Idioms & Slang Dictionaries & Glossaries
| hEnglish - advanced version |
supply and demand
supply and demand
supply and demand. (polit. econ.) "demand means the quantity of a given article which would be taken at a given price. supply means the quantity of that article which could be had at that price." a. walker...
see supply
supply and demand
supply and demand. (polit. econ.) "demand means the quantity of a given article which would be taken at a given price. supply means the quantity of that article which could be had at that price." a. walker...
see supply
Supply and demand Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Supply and demand
In economics, supply and demand describe market relations between prospective sellers and buyers of a good. The supply and demand model determines price and quantity sold in the market. The model is fundamental in microeconomic analysis of buyers and sellers and of their interactions in a market. It is also used as a point of departure for other economic models and theories. The model predicts that in a competitive market, price will function to equalize the quantity demanded by consumers and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity. The model incorporates other factors changing such equilibrium as reflected in a shift of demand or supply.
| See more at Wikipedia.org... |