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What was the theory of capitalism as defined by Adam smith including the factors of supply and demand?
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What factors affect elastic of demand?
There are plenty of factors affecting elasticity of demand including climate of the area. Other factors that effect elasticity of demand include supply and group of people buying.
What is the role of supply and demand in pure market capitalism?
Supply and demand both dictate the price of the goods sold in capitalism
How is price decided in capitalism?
Mainly by market forces, supply and demand.
What causes the demand curve to move?
Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.
What factors can be considered a determinant to consumer demand?
Supply and Price are the determining factors for Demand.
What are the factors that can determines shift in demand?
Demand can be shaped by numerous factors. Economic circumstances can strengthen or weaken demand. Price and population are also strong demand shapers.
What are the factors that will shift the demand curve?
All factors other than price will shift the demand curve. Price moves along the demand curve.
Which is determinant of demand?
They are factors affecting demand other than
What is aggregate demand and what are the factors that affect aggregate demand?
nothing
What are the factors that can influence demand for land labor capital entrepreneur?
Supply, demand, price, and cost would be the factors.
Who controls capitalism?
Pure capitalism does not exist, but if it did supply and demand would mainly control it. In most forms of capitalism in the world governments control it in some ways. Companies decide that products to produce and consumers decide which of those products to buy.
Which is a determinant of demand?
They are factors affecting demand other than
