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  • 15-12-2019
  • Social Studies
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Private business deal is based on supply and demand define

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pikachu92
pikachu92 pikachu92
  • 22-12-2019

Answer:

Supply and demand are the two inseparable factors in business.

Explanation:

Supply is the amount of the services or goods that the provider is willing to put on the market to the specific price.

Demand is the number of goods and services that the consumers are willing to buy by a specific price.

Factors that depend on the demand and supply are the appeal, the need the price and the logistic that is needed for the goods to be procured.

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