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An example of an economic concept is supply and demand, which describes how the availability of a product (supply) and the desire for that product (demand) interact to determine its price. For instance, if a new smartphone is released and is highly desired (high demand) but is produced in limited quantities (low supply), the price is likely to increase. Conversely, if there is an oversupply of a product with little demand, prices may decrease. This fundamental principle helps explain market behavior and pricing strategies.
What else can I help you with?
Disadvantages of the mixed economic system?
what is mixed econmic systems
What happens with laissez-faire econmic policies?
Leaving it alone.
What are three basic econmic questions?
what to produce? how to produce it? for whom to produce it?
What kind of economic system does Tonga have?
Tonga has a econmic system of your mother
How did econmic growth in the south compare to econmic growth in the rest of the country?
South was weak and had poor economics. West economic development was increase in local business/company. They both still have slaves.
What are China's econmic activities?
alot of things
Which settlement was an econmic venture?
James town
Who makes econmic decisions in a mixed economyand why?
is the perasedent
Disadvantages of the mixed economic system?
what is mixed econmic systems
What are some econmic issues in Brazil?
It is part of the Great Depression.
What is Formal economic activities?
Econmic activities where Money is paid
What is cuba's econmic strength?
GDP - Per capita- $9,700
Econmic issues in the late 19 century?
scarcity of gold
What is Romania's econmic system?
Liberal, capitalist, free market
What happens with laissez-faire econmic policies?
Leaving it alone.
What is economic map?
a map that shows different econmic regions
What are the econmic activities of Quebec and Ontario?
quebec has manufacturing and service industries
