Tuesday, 18 August 2015

Demand, Supply and the Market

A market refers to an institution characterized by the market forces namely demand and supply. It is also defined as a situation where buyers and sellers can be in touch with each other to buy and sell some commodities.


Keywords:
Demand
Types of Demand
Supply
Equilibrium
Movements and shifts in demand/supply curves
Sources of shifts in market demand curves
Price floor or minimum price
 Price elasticity of demand
Substitutes goods
Complementary Goods
Income Elasticity

No comments:

Post a Comment