Can you explain me Price Mechanism.
Can you explain me Price Mechanism in the easiest, easiest and easiest way.
Explain me in the most easiest way so that i understand without any doubt.
Thank you very much in advance!!!!!
- Thread Starter
- 11-04-2016 14:30
- 11-04-2016 19:48
Change in price which reflect the forces of demand and supply and help solve the economic problem (infinite wants and scarce resources).
The price of raw materials affects the demand and supply of good and services.It can affect the buyer and seller as they both negotiate on a price.