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Contemporary Business Economics: Understanding Demand and Supply Principles

Critically analyze the concepts of demand and supply in microeconomics and compare emerging theories in contemporary economics with those of the 20th century.

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Added on  2023-06-15

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This report discusses the fundamental concepts of demand and supply in contemporary business economics. It explains the factors affecting consumption and availability, and how to maintain equilibrium for profitability. The report also evaluates and contrasts new ideas and concepts in 21st-century economy with concepts from the previous centuries, and links them to current corporate practices.
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