Demand and supply

Demand and supply,

Definition of Demand and supply:

  1. Economic forces fundamental to the price mechanism in a free market system. They determine the price of a good or service offered, and are in turn determined by the price obtainable. It is a largely self-regulatory mechanism generally resulting in market equilibrium where products demanded at a price are equaled by products supplied at that price.

Meaning of Demand and supply & Demand and supply Definition