Sunday, October 23, 2011

Why are demand and supply of interest to readers?

Supply and demand should be of interest to any reader
because they are the things that (in any market economy) set the prices of goods and
services and determine how many of those goods and services will be sold.  So supply and
demand essentially sets the price of everything you buy.


If
you go further, there are such things as aggregate supply
and demand -- these are for all goods and services in an economy put together (not just
for one particular item).  This sort of supply and demand should be of interest because
it helps to determine the health of your country's
economy.


Supply and demand are basic to economics and they
impact our lives every time we buy something.  This is why they should be of interest to
us.

No comments:

Post a Comment

How is Anne's goal of wanting "to go on living even after my death" fulfilled in Anne Frank: The Diary of a Young Girl?I didn't get how it was...

I think you are right! I don't believe that many of the Jews who were herded into the concentration camps actually understood the eno...