The market mechanism: demand and supply

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Title	The market mechanism: demand and supply
Authors	Chernysh, D.D.
ORCID
Keywords	ринковий механізм рыночный механизм market mechanism ринкова економіка рыночная экономика market economy конкуренція конкуренция competition
Type	Conference Papers
Date of Issue	2016
URI	http://essuir.sumdu.edu.ua/handle/123456789/49046
Publisher	Sumy State University
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Citation	Chernysh, D.D. The market mechanism: demand and supply [Текст] / D.D. Chernysh ; Scientific supervisor V. Shkola // Перший крок у науку : матеріали VІІІ студентської конференції, м. Суми, 11 грудня 2016 р. / Відп. за вип. М.Б. Оприско. - Суми : СумДУ, 2016. - С. 216.
Abstract	The market mechanism is the mechanism of interrelation and interaction of the basic elements of the market – demand, supply, prices, competition, and the basic economic laws of the market. Supply and demand are interdependent elements of the mechanism. The former is determined by the solvent demand of consumers and offer a set of goods proposed by sellers. The ratio between them is formed in an inverse relationship, determining the corresponding changes in the level of prices for goods.
Appears in Collections:	Наукові видання (ЕлІТ)