prisupptäcktens
Prisupptäcktens, a term derived from Swedish, literally translates to "price discovery." In economics, it refers to the process by which market prices for goods and services are determined. This process is fundamental to the functioning of any market economy, as it allows for the efficient allocation of resources.
Price discovery occurs through the interaction of buyers and sellers. Buyers express their willingness to pay,
Various mechanisms facilitate price discovery. In organized markets, such as stock exchanges or commodity markets, established