METHODS OF PRICING ACCORDING TO THE LAW OF SUPPLY AND DEMAND
Keywords:
supply, supply, market economy, price, balance, law of demand, law of supply, price fixing, economic theory, Alfred Marshall, Adam Smith.Abstract
This work highlights the historical development of the theory of
supply and demand, its place in the system of Economic Thought and its practical
significance. The article analyzes theoretical principles formulated by economists such
as Aristotle, Adam Smith, David Ricardo, Alfred Marshall. Also, the essence of the
laws of supply and demand, their interdependence, their impact on market equilibrium
and the methods of pricing are explained by practical examples.ation: this work
highlights the historical development of the theory of supply and demand, its place in
the system of Economic Thought and its practical significance. The article analyzes
theoretical principles formulated by economists such as Aristotle, Adam Smith, David
Ricardo, Alfred Marshall. Also, the essence of the laws of supply and demand, their
interdependence, their impact on market equilibrium and the methods of pricing are
explained by practical examples. The diagrams analyzed supply and demand curves,
price equilibrium, and price differences across regions. The study found that supply
and demand laws play an important role in ensuring resource allocation and price
stability as the primary mechanism of a market economy.
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