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Supply Schedule Economics

oboloo Glossary

Supply Schedule Economics

Supply Schedule Economics is an economic model that aims to better understand how the supply and demand of goods and services interact in a market. It looks at different factors such as price, availability, production capabilities and cost of alternative goods, to determine the most efficient balance between producers and consumers in any given market. Supply Schedule Economics encourages businesses to actively measure their own costs and benefits of supplying goods to ensure that they remain competitive amidst changing market conditions. This ensures businesses remain successful and can continue to produce goods that people want and need.

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