Examples of supply and demand in the following topics:
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- Market-oriented theories of inequality argue that supply and demand will regulate prices and wages and stabilize inequality.
- In a free market, prices are supposed to be regulated by the law of supply and demand.
- According to supply and demand, if a produce or service is scarce but desired by many, it will fetch a high price.
- When the supply of a product exactly meets the demand for it, the price reaches a state of equilibrium and no longer fluctuates.
- With less supply and stable demand, the wage for agricultural labor will rise to a sustainable level.
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- Capitalism is an economic and social system in which capital and non-labor factors of production, or the means of production, are privately controlled; labor, goods, and capital are traded in markets; profits are taken by owners or invested in technologies and industries; and wages are paid to laborers.
- A market is a central space of exchange through which people are able to buy and sell goods and services.
- In a capitalist economy, the prices of goods and services is mainly controlled through the principles of supply and demand and competition.
- "Supply and demand" refers to the balancing of the amount of a good or service produced and the amount available for sale .
- Prices rise when demand exceeds supply and fall when supply exceeds demand.
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- In the capitalist market, the wages for jobs are set by supply and demand.
- If few people need that job done, there is low demand for that type of labor.
- When there is high supply and low demand for a job, it results in a low wage.
- Conversely, if there is low supply and high demand (as with particular highly skilled jobs), it will result in a high wage.
- Public education: Increasing the supply of skilled labor and reducing income inequality due to education differentials.
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- It includes the production, exchange, distribution, and consumption of goods and services of that area.
- These factors give context, content, and set the conditions and parameters in which an economy functions.
- According to Herodotus, and most modern scholars, the Lydians were the first people to introduce the use of gold and silver coin.
- They developed the first known codified legal and administrative systems, complete with courts, jails, and government records.
- He defined the elements of a national economy: products are offered at a natural price generated by the use of competition - supply and demand - and the division of labour.
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- Centralized planning is an alternative to allowing the market (supply and demand) to determine prices and production.
- The prices of consumer goods would be determined by supply and demand, with the supply coming from state-owned firms that would set their prices equal to the marginal cost, as in perfectly competitive markets.
- Others, including Yugoslavian, Hungarian, German and Chinese Communists in the 1970s and 1980s, instituted various forms of market socialism, combining co-operative and state ownership models with the free market exchange and free price system (but not free prices for the means of production).
- Deng's program, however, maintained state ownership rights over land, state or cooperative ownership of much of the heavy industrial and manufacturing sectors and state influence in the banking and financial sectors.
- Elsewhere in Asia, some elected socialist parties and communist parties remain prominent, particularly in India and Nepal.
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- In a capitalist economy, the prices of goods and services are controlled mainly through supply and demand and competition.
- Supply is the amount of a good or service produced by a firm and available for sale.
- Prices tend to rise when demand exceeds supply and fall when supply exceeds demand, so that the market is able to coordinate itself through pricing until a new equilibrium price and quantity is reached.
- Income in a capitalist economy depends primarily on what skills are in demand and what skills are currently being supplied.
- The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D).
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- Since the 1970s, urbanization has become more common in developing countries, where industrialization has made agriculture more efficient and has increased the demand for urban labor.
- These differences can usually be explained by differences in the supply of and demand for labor.
- Areas with a shortage of labor but an excess of capital will have a high relative wage, whereas areas with a high labor supply and a dearth of capital will have a low relative wage.
- Following neoclassical principles, migrants tend to move from low-wage areas to high-wage areas where their labor is in higher demand.
- According to the new economics theory, migration flows and patterns cannot be explained solely at the level of individual workers and their economic incentives.
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- In high school, economic, family, and social demands may lead some students to drop out before finishing.
- But Hispanic, black, and Native American students drop out at rates nearly double those of Asian and white students.
- Costs include tuition and room and board, even at public institutions.
- Even in high school, economic, family, and social demands may lead some students to drop out before finishing.
- The federal government supplies around 8.5% of the public school system funds, according to a 2005 report by the National Center for Education Statistics.
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- Clothing, expensive toys, a new bicycle, a fancy car, and what job our parents had (and even whether or not we had parents) were symbols that differentiated us and separated us in elementary schools and impacted which friends we played with and the interactions we had.
- Throughout our lives, wealth, power, and prestige are given to individuals who have knowledge and access to important information and influential people in society.
- Our positions and connections in organizations and institutions lie within the stratification system.
- This impacts how we experience life and how we interact with other individuals and groups.
- The dominance of foreigner investors in even the industries that supply the most basic needs, such as water, are a result of policies of privatization, a key element of neoliberal and Washington Consensus economic "reforms. " And the International Monetary Fund continues to push its privatization drive demanding that Cape Verde privatize its few remaining public enterprises, including the national airlines, the national oil supply company, the national transportation company, and others.
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- Before the 1980s, Detroit was a center of industrial production and a hot spot of American culture.
- Deindustrialization is, in a sense, the opposite of industrialization, and, like industrialization, deindustrialization may have far-reaching economic and social consequences.
- Louis, and Buffalo have all lost half their population or more in the past half-century.
- Additionally, the high supply of workers forces those workers who are employed to accept low wages.
- They have also eliminated jobs, as technological innovation has reduced the demand for manual labor.