Eco 101 week 2 discussion 2
Eco 101 week 2 discussion 2
>
> –
>
> “Demand, Supply and Markets”
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> Please respond to the following:
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> – Identify the factors contributing to both demand and supply of goods
> and services and determine which one you believe has the most
> significant
> impact on the creation of markets. Explain your rationale.
> – Discuss possible ways to improve measures taken by markets to address
> periods of disequilibrium. Explain your rationale.
>
preview of the answer..
For business to occur both parties i.e the buyer and seller have to be present. They say the clientele of an organization help the companies i9n deciding on which products to produce. To some extent this is actually true since most entrepreneurs notice the opportunity that comes with the lack of satisfaction of buyers. Buyers form the demand of the market whereby if a good is up to the their standards and serves their immediate the clients will continue to buy the good. The sellers on the hand have a more cumbersome job which is to ensure they produce high quality goods and meet the demand market or else the clients will look for alternative good that best …
320 words APA