Hey everyone! Today's blog will be fascinating! In this blog i will make you interpret about the whole concept of Supply and Demand. Have you ever wondered why the price of petrol and other commodities fluctuate? Ever wondered why is the production high and demand low, vice-versa? Have you been bewildered about the Law of Supply and the Law of Demand ? You are at the right place! So, let's break these questions into simplest way: What is Supply and Demand? "Supply is the amount of a specific good or service that's available in the market. Demand is the amount of the good or service that customers want to buy." To understand this statement, you must know what a Market is? Market is place where Buyers and Sellers meet to exchange goods and services. Markets are based on Voluntary Exchange ( the act of buyers and sellers freely and willingly engaging in market transactions ). So, this is all about Supply and Demand. What is the Law of Demand and the Law o...
Welcome to the Destination of Financial Wisdom, Entrepreneurship, and Investing Mastery. Let's Fuel Your Success Journey Together! 🚀