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Title The market mechanism: demand and supply
Authors Chernysh, D.D.
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
License
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)

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