After completing this important session, I got the basic and some advanced concepts and ideas about demand. Besides, I learn about the wants, needs, demands, quantity demanded and their relations with each other. I also learned how the demand curve would be drawn from a data set and Some factors which affect demand.
The most interesting part of this chapter is demand analysis in business. Now it is clear to me how big companies analyze public demands on their product and how they fixed the number of products which they will produce and how they fixed it rate to sell their products increasingly. Demand analysis also gives us the stocking idea in comparing future value.
Before this session, I thought needs and demand are the same thing but after doing this session on demand now it is clear to me that demand is totally different from needs or wants. If it is to be demanded it must be we have to want then the power of affordable ability then it must have made a definite plan to buy it.
I have understood the type of economic systems and their historical development. I have also learned capitalism and socialism.
I learnt about equilibrium and the effects of demand and supply. I have also learnt about consumer and producer surplus.
In this lecture, I have learnt about equilibrium, market equilibrium, equilibrium price and equilibrium quantity.
In this lecture, I have learnt about equilibrium, market equilibrium, equilibrium price and equilibrium quantity.
I gained a fundamental understanding of demand as well as some more complex concepts and ideas after finishing this crucial session. Also, I gain knowledge about the requests' quantities, quantities demanded, and relationships among them. In addition, I learnt how to create a demand curve from a data set and some elements that influence demand.
The chapter's discussion of demand analysis in business is the most fascinating. Now that I understand how large corporations choose the amount of things they will create and the rate at which they will sell those products, I can better understand how they examine consumer demand for their products. The stocking concept for comparing future value is also provided by demand analysis.
The chapter's discussion of demand analysis in business is the most fascinating. Now that I understand how large corporations choose the amount of things they will create and the rate at which they will sell those products, I can better understand how they examine consumer demand for their products. The stocking concept for comparing future value is also provided by demand analysis.
From this lecture i learned about different types of economic system , capitalism and socialism. Learned about Equilibrium and effects of demand and supply.
I have learned, equilibrium is a balance point in the market where supply and demand are equal. It's the point where the price is set and the amount sold is stable.
In this session i hot basic idead of market equilibrium, equilibrium price,quantity. Also got knowledge about the effect of demand and supply for this.
From this lecture i learned about different types of economic system , capitalism and socialism.
I now know that market equilibrium is a place of balance where supply and demand are equal. It is the time when the price has been decided upon and sales volume is steady.
In this lecture, I have learnt about equilibrium, market equilibrium, equilibrium price and equilibrium quantity.
This topic teaches us that market forces may efficiently distribute resources and produce the best results without outside interference. To make wise decisions, entrepreneurs and politicians must understand market equilibrium.
I have learnt about equilibrium and the effects of demand and supply. I have also learnt about consumer and producer surplus.
I learnt about equilibrium and the effects of demand and supply. I have also learnt about consumer and producer surplus.
GDP stands for Gross Domestic Product. It is a measure of the economic activity within a country over a specific period, typically a year. GDP represents the total value of all goods and services produced within a country's borders, regardless of whether the production is done by domestic or foreign entities.It's important to note that the specific content of a lecture on GDP may vary depending on the level of the course and the instructor's emphasis.