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Supply-demand analysis is an important aspect of the market economy, and therefore it is considered as the most fundamental element of economics. In general, Demand relates to the quality of the product that is required by the consumer, and Supply relates to what market can offer to them. When the market economy theories are considered, the demand and supply theory allocate the resources in the most efficient way possible.
Supply Demand is a vast Management subject and covers the various aspects of market analysis and Economics in general. Scholars who are even slightly unaware of the concepts based on these two major areas that Supply Demand covers might face difficulties in completing their assignments which can eventually lead to scoring low grades.
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