April 19, 2018
Supply and Demand
In economy, supply and demand play a major role in it. Supply and demand are one of the major foundations of it. In the market, there is always a collaboration between buyers and sellers, whether it be local, national or international. The interaction between the buyers and seller determine the prices. This is where demand and supply come through. Demand indicates the quantity of good or service is wanted by the buyers. While supply indicates how much the market can bargain by the sellers. The market is represented by the demands and supplies.
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