Relationships
A connection or association between two or more things.
What is a relationship?
The spreading of prices from their origin at the consumer level back to natural resources.
What is price propagation?
Sellers negotiate prices with this person.
Who is the buyer?
Money that is set aside to buy capital or to be spent at a later time.
What are savings?
A market in which many buyers compete with each other to buy products.
What is an Auction?
To be a compelling force on, or produce effects on something else.
What is influence?
The price at which supply and demand are equal.
What is market price?
Prices spread across the economy starting with this person.
Who is the consumer?
The sales minus the costs of a business. No one is likely to invest in a business without it.
What is profit?
The places where people gather to trade.
What are Markets?
The spreading of something in new areas.
What is propagation?
The process of buyers and sellers determining market prices by negotiating with one another.
What is price discovery?
The value of products comes from the value consumers assigned to it, therefore value is ____.
What is subjective?
Putting money into a business today in the hope of getting more money (profit) back at a later time.
What are investments?
The process of exchanging goods for other goods.
What is Trade?
The relationship between the price of a product and the number of those products that will be bought.
What is the Law of Demand?
A snap shot of all prices across the economy. It shows the difference between prices.
What is price structure?
This gives rise to the value, or price, of a product.
What is consumer demand?
Tools, in a broad sense. Used to convert raw materials into products.
What is capital?
Making or learning one thing to the exclusion of others.