supply

In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded will equal the quantity supplied (the market-clearing price), resulting in an economic equilibrium for price and quantity transacted. The concept of supply and demand forms the theoretical basis of modern economics.
In macroeconomics, as well, the aggregate demand-aggregate supply model has been used to depict how the quantity of total output and the aggregate price level may be determined in equilibrium.

View More On Wikipedia.org
  • 2

    T1 Terry

    Prominent Member From Mannum South Australia
    • Messages
      693
    • Reaction score
      989
    • Points
      281
  • 1

    Aquila

    • Messages
      33
    • Reaction score
      19
    • Points
      12
  • 1

    OzricEV

    Standard Member From Llandudno
    • Messages
      42
    • Reaction score
      69
    • Points
      23
  • 1

    CrabAir

    Novice Member From Carmarthen, Carmarthenshire
    • Messages
      5
    • Reaction score
      0
    • Points
      5
  • Back
    Top Bottom