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What is in a free enterprise economy supply and demand affect the of a product?
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
What is the concept of economy?
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
When occurs when supply and demand requirements have been satisfied without creating shortages or surpluses?
general equilibrium
How can the global economy affect the supply of good in the US?
Supply and demand can affect the supply of a in the United Sates, if there is little of a good and another country is willing to pay more for this good then the price goes up.
Effects of supply and demand?
supply and demand effects the market economy and commodity prices. with a increase in demand commodity price increases resulting in inflation in economy and viceversa, and with increase in supply by producers there is decrease in commodity price resulting in deflation in economy.
What is in a free enterprise economy supply and demand affect the of a product?
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
What is the concept of economy?
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
When occurs when supply and demand requirements have been satisfied without creating shortages or surpluses?
general equilibrium
How can the global economy affect the supply of good in the US?
Supply and demand can affect the supply of a in the United Sates, if there is little of a good and another country is willing to pay more for this good then the price goes up.
Effects of supply and demand?
supply and demand effects the market economy and commodity prices. with a increase in demand commodity price increases resulting in inflation in economy and viceversa, and with increase in supply by producers there is decrease in commodity price resulting in deflation in economy.
A market economy is based on?
Supply and demand
What is the basis of a market economy?
Supply And Demand is the basis of most activity in a market economy.
What is the economy in which the interaction of supply and demand determines price and output?
Market Economy
What do scholars talk about when they discuss economics?
When scholars discuss economics they talk about how to understand demand and supply. They also assess how businesses affect the economy.
Which of these can affect the economy by increasing or decreasing the money supply?
The Federal Reserve Board can affect the economy by increasing or decreasing the money supply.
What are the consequences of a planned economy?
There are two general limitations:Inefficient resource distribution: surplus and shortage; The economic planners are unlikely able to accurately predict future supply and demand. Without market forces to adjust demand and supply you will likely end up with inefficiencies in production as a resut of surpluses for goods not wanted and shortages of goods which were desired.Suppression of economic democracy and self-management. Market forces allow entrepreneur and business to react quickly to market forces and ensure that there are less shortages and surpluses.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
