"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
Supply relative to demand.government
Supply relative to demand is primarily responsible for setting prices in a free market system.
market conditions are responsible for price setting, as thing in perfect market are homogeneous, any different product with special feature would have a high price for it .
There is excess demand in the market.?
An example of factor market is the automobile market. This is a market that exists as a result of demand for something that consumers use.
The difference between a factor market and a product market is that a factor market is a market where productive resources are bought and sold, while a product market is a market where products offer goods and services for sale.I copied this out of my econ book =)
the properties of a free-market system that determine what the outcomes will be
The properties of a free-market system that determine what the outcomes will be. (apex)
Market research helps producers earn more profits.
Labor Market
Market research helps producers earn more profits.