Markets
"The Market is a mechanism that brings buyers and sellers together and assists them in negotiating the exchange of products.
Market Price- The price avaliable to all buyers.
Market Supply- The total quantity businesses are willing and able to sell at various proces.
Market Demand- Total quantity consumers are willing and able to buy at various prices.
Product Market- The market for goods and services
Factor Market- The Market for factorsnof production.
Finacial Market- The Market for Finacial Capital
Foreign Exchange Market- The international market for currency."[i] [i] Dr. Stephanie Powers, “Circular Flow” (Lecture, Donald School of Business, Red Deer, AB, Winter 2012).
A mechanism that brings buyers and sellers together and assists them in negotiating the exchange of products.[i]
[i] John E. Sayre and Alan J. Morris, Principles of Macroeconomics (Toronto), Page 54
"Market economies work on the assumption that market forces, such as supply and demand, are the best determinants of what is right for a nation's well-being. These economies rarely engage in government interventions such as price fixing, license quotas and industry subsidizations".[i]
"The Market is a mechanism that brings buyers and sellers together and assists them in negotiating the exchange of products.
Market Price- The price avaliable to all buyers.
Market Supply- The total quantity businesses are willing and able to sell at various proces.
Market Demand- Total quantity consumers are willing and able to buy at various prices.
Product Market- The market for goods and services
Factor Market- The Market for factorsnof production.
Finacial Market- The Market for Finacial Capital
Foreign Exchange Market- The international market for currency."[i]
[i] Dr. Stephanie Powers, “Circular Flow” (Lecture, Donald School of Business, Red Deer, AB, Winter 2012).
A mechanism that brings buyers and sellers together and assists them in negotiating the exchange of products.[i]
[i] John E. Sayre and Alan J. Morris, Principles of Macroeconomics (Toronto), Page 54
"Market economies work on the assumption that market forces, such as supply and demand, are the best determinants of what is right for a nation's well-being. These economies rarely engage in government interventions such as price fixing, license quotas and industry subsidizations".[i]
[i] Investopedia Market Economy, Accessed April 13, 2012, http://www.investopedia.com/terms/m/marketeconomy.asp#axzz1rxJYIoLr.