turudünaamika
Turudünaamika refers to the study of how prices and quantities of goods and services are determined in a market economy. It examines the forces of supply and demand and how they interact to reach an equilibrium point. When supply exceeds demand, prices tend to fall, while an excess of demand over supply generally leads to rising prices. This continuous interplay shapes market outcomes and influences the allocation of resources.
Key components of turudünaamika include understanding price elasticity, which measures the responsiveness of quantity demanded or
The concept of market equilibrium is a core tenet, representing the point where the quantity of a