Economics

Economics

Introduction

The equilibrating process is the competition between the buyers and the sellers, the supply and demand, the surplus and shortage. The equilibrating process is important to businesses and managers to know and understand. The economic principles work together to maintain a market equilibrium that can grow or demolish a business. Pizza Mondo is a business that sells whole pizzas or a slice of pizza and will be used to describe the market equilibration process. The law of demand and the law of supply will be explained along with the determinants of each. The efficient markets theory and the surplus ...