Supply and Demand

Demand Schedule
An exploration of the demand schedule, its history, definition, and major analytical frameworks in economics.
Labour Economics - Definition and Meaning
The area of economics concerned with the supply and demand for labour, examining various factors influencing participation rates, wage bargaining, organized labour, and other workforce dynamics.
Adverse Supply Shock
An unexpected shift of the supply curve to the left, indicating a reduction in the quantity supplied for any given price.
Indirect Tax
A Tax collected by an intermediary from the economic agent who bears the formal incidence of the tax.
Market Equilibrium - Definition and Meaning
Exploration and understanding of market equilibrium, where supply and demand in a market are equal at the prevailing price.
Partial Equilibrium
An analysis focusing on a specific part of the economy while ignoring the effects on the rest of the economy
Buffer Stock
A detailed explanation of buffer stock, its functioning, and its implications on price stabilization.
Competitiveness
The ability to compete in markets for goods or services based on a combination of price and quality.
Excess Demand - Definition and Meaning
A detailed exploration into the concept of excess demand, its implications for economic equilibrium, and notable theoretical contributions.
Seller’s Market
A market condition where sellers have an advantage due to high demand and limited supply.
Shortage
Understanding Shortages in Economics: Causes, Implications, and Management