Economists refer to the behavior of sellers as that market force of supply. It is the combined forces of supply and demand that make up a market economy. In microeconomics, the smallest unit of supply is the firm, which is analogous to the demand unit of the household.
Introduction to Supply | Economics | SS1 | 2nd term
Economists refer to the behavior of sellers as that market force of supply. It is the combined forces of supply and demand that make up a market economy. In microeconomics, the smallest unit of supply is the firm, which is analogous to the demand unit of the household.
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