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What happens when any market is in disequilibrium and prices are flexible?
Market forces push toward equilibrium
Describe the forces that move a market toward its equilibrium?
The actions of the buyers and sellers move a market towards its equilibrium.
What are the forces that cause the demand curve to change?
Supply is the main force that affects the demand curve to change in the economy or in a certain market.
What it means by free play of market forces?
what is free play of market forces
What is market price determined by?
the market or market forces
What happens when any market is in disequilibrium and prices are flexible?
Market forces push toward equilibrium
Describe the forces that move a market toward its equilibrium?
The actions of the buyers and sellers move a market towards its equilibrium.
What are internal forces for change in business?
There are various factors that force change in business such as the companies mission , new acquisitions , and the direction of the market they are in.
What are the forces that cause the demand curve to change?
Supply is the main force that affects the demand curve to change in the economy or in a certain market.
What is Non market forces?
Non-market forces are those which are government made.
What it means by free play of market forces?
what is free play of market forces
What is driving forces and resisting forces?
Driving forces are factors that push for change or progress in a particular direction, while resisting forces are factors that hinder or impede change or progress. In the context of organizational change, driving forces may include new technology or market trends, while resisting forces may include employee resistance or financial constraints. Successful change management requires understanding and addressing both driving and resisting forces.
What is the difference between internal and external forces in the context of organizational change?
Internal forces refer to factors within an organization that drive change, such as leadership decisions or employee morale. External forces are factors outside the organization, like market trends or government regulations, that influence change.
What is market price determined by?
the market or market forces
What are two common market forces?
Two common market forces are supply and demand.
What is forces for change?
Forces for change refer to the various factors or drivers that lead to transformation within an organization or society. These forces can include technological advancements, market trends, regulatory changes, social movements, and shifts in consumer preferences. Understanding and adapting to these forces is crucial for organizations to stay competitive and relevant in a rapidly changing environment.
Why is it so important to differentiate between these similar sounding terms of the change in supply and change in quantity supplied?
It is very important to differentiate between demand & supply since there are the market forces in which the present economy is running. The market forces will influence the prices of the products & services. In any economy market forces will play an vital role. If the gap between demand and supply increase drastically it leads to and bad position in any economy and thereby it leads to financial crisis.
