The basis of the market mechanism is the interaction of supply and demand. By bringing these concepts together, we can find out how the interaction of household decisions about buying a product and manufacturers’ decisions about selling it determines the price of a product and the amount that is actually bought and sold in the […]
Tag: Offers
Types of economic systems and their criteria
Mankind in its difficult history has already “experienced” quite a lot of different economic systems. This gives grounds to raise the question of their classification. Classification in science is always a complex matter. Its success, scientific validity largely depends on the correctly selected “key”. Such a “key” is the criterion of separation, i.e. its main […]
market factors
In the case of a fixed exchange rate, the activities of speculators in the foreign exchange market depend on the degree of trust in the government. If they are convinced that the government does not have sufficient reserves to maintain a weakening currency, speculation against this currency will increase, which will accelerate its devaluation. If […]