Social Studies, 8th Grade: Supply and Demand
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In this lesson, we'll examine the mechanisms of supply and demand in the market. We'll discuss pricing in a market economy and define the concept of "equilibrium price." We'll learn how producers and buyers try to benefit from market relations and what market mechanisms are based on.
Contents:
00:00 - Introduction
00:38 - Concept of Demand
02:44 - Concept of Supply
04:43 - Price System and Pricing
08:08 - Conditions of Market Relations
10:15 - Supply Formation
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• Обществознание. 8 класс