Economics 101: Supply

Photo by Gianni Scognamiglio on Unsplash

Supply and Demand is the most fundamental concepts in economics. If you can fully grasp the concepts of supply and demand you will be able to understand many more “complex” economic theories.

In a previous story, I detailed the basics of demand. Here is a quick recap of what I covered in that story.

Factors that impact the demand for a product include;

  • Peoples income

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Ben Le Fort

Ben Le Fort

Making of a Millionaire editor | Personal finance writer | Author of “The Financial Freedom Equation” Subscribe to the MOAM newsletter: https://bit.ly/3l9m7ob