Glossary

What is Supply and demand?

Economy

Prices rise when buyers want more than sellers offer, and fall when there is more on offer than buyers want.

Think of it like: Concert tickets: few seats, many fans, high prices.
Real example: Before Eid, Christmas or Diwali, flights fill up and fares jump.
Lesson: Supply, demand and cycles Practise it now: Headline Reflex

Related words

All 189 words in the glossary