Competitive markets are the foundation of modern economies, shaping consumer choices and influencing market trends. This guide explores the fundamental concepts of supply and demand, providing a clear understanding of how these forces interact to
Supply
Supply Shock: Disrupting Markets and Investment Strategies [+ Causes and Effects]
What's it? A supply shock is a sudden and unexpected event that causes a dramatic change in output. It can be positive or negative. It is positive if it increases output and negative if it decreases output.Shocks here can refer to macroeconomic
Individual Supply: Meaning, Curve, Determinants
What's it: Individual supply refers to the number of goods a firm is willing and able to produce at a given price, ceteris paribus. It only represents supply from one producer. When you combine all the firms' production in the market, we call it
Supply: Meaning, Factors Affecting It
In economics, supply represents the quantity that producers are willing and able to supply at a certain price. That is a fundamental economic concept besides demand.Producers exist to meet consumer demand. If the individual motive is satisfaction