April 18, 2024

Supply and Demand

Supply and Demand is an economic concept that affects the prices of goods and services. It is primarily based on the relationship between the availability of a product or service and the amount of people willing to pay for it. Supply and Demand affects all industries, whether it be retail, wholesale, agriculture or services. Companies can use Supply and Demand to determine the most advantageous price points and inventory levels when selling a product or service. By understanding how to use Supply and Demand, businesses can increase profits and grow their business.

Copyright © All rights reserved. | Newsphere by AF themes.