Welcome to the 1520 Perfect Dictionary
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| Supply and demand | |
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| SUPPLY AND DEMAND Definition: (economics) The relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices. ______________________________________________________________________ * Relationship will be determined mainly by five elements: 1. Production. That is, quality of goods are of the best standards and production output/level, reliability of storage (where applicable), etc. is at/of maximum capacity. 2. Economic outlook. That is, the amount of money in circulation or the purchasing power of the citizenry or consumers, for acquisition and/or consumption, whether of luxury or essential items, is considered as constant and normal; a free market, not a regulated one. 3. Distribution network. That is, goods or services can reach all corners, every nook and cranny, etc. where they might be needed or required - outlets; retailers, wholesalers, etc. 4. Social dynamics. That is, the environment will be conducive for movements such that purchasers or buyers will be able to freely reach where provisions or supplies are located or situated. In other words, living conditions will be generally normal, for goods or services to be easily accessible. 5. Pricing mechanism. That is, subsidy not existing in situation and price controls, a price war or price-fixing is/are not at play. In other words, market forces will be the determinants of the value of every product or service. ______________________________________ rising, falling or an equilibrium... ..... it's BEYOND GRAPHS AND CHARTS. | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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