MARKET SUPPLY A Market Economy is the skinny to efficient way of organizing economic activities. Millions of suppliers (firm) and consumers (buyers) make the markets. The suppliers and consumers sell and supplement goods that satisfy the inadequacys of consumers and suppliers. Suppliers and consumers make rational decisions, respond to incentives and make tradeoffs. all over all trade makes everyone better off. (Mankiw) If one firm does non learn the wants of the consumer then they will lose their place in the market. perfect(a) sales for most major retailers have risen this quarter, musical theater composition others have fallen.
The over all sales make equals 7.9%. (Chandler) Sales rose because consumers are not bothered by threats of war. Also, they find oneself confident in current and future stability of the economy. The intellectual some retailers lost and most gained could be a outlet of possibilities: Prices might be too high for the consumers taste. market strategies appealed to consumers...If you want to get a full essay, order it on our website:
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