A Quick Summary Of Supply And Demand 101
Feb 28, 2015
Thankfully, the good people at Demo Duck (a production company specializing in creating instructional videos) made this handy video to demonstrate just how supply and demand work, how they interact to create the market prices for things, and some of the factors that affect them. A little knowledge goes a long way, and soon you'll be able to recognize supply and demand at work all around you.
These days, the economy is on everyone's minds. You can't go too long without hearing some mention of it being made somewhere, and it's obviously something that has huge effects on our everyday lives. Yet, so many of us understand so little about economics. We hear terms like "supply and demand" and just accept them at face value.