What are the most fundamental concepts of economics?

Asked on 25.09.2018 in All Questions.
Add Comment

Tutor's Answer

(Top Tutor) Studyfaq Tutor
Supply and demand are perhaps one of the most fundamental concepts of economics and it is the main backbone of the economy. The use of the word demand refers to how much of a product or service is desired by buyers/consumers. The quantity in which is demanded is the amount of a product that people are willing to buy at the price that is charged. The price that is set must be at an affordable...
Completed Work