Реферат: Economics. Demand, supply, and elasticity

1. changes in the price of related goods;

2. changes in income;

3. changes in preferences;

4. changes in expectations.

The law of supply: a direct relationship exists between the price of a good and the quantity supplied of that good. A change in supply is caused by factors, including:

1. changes in the prices for other goods;

2. changes in the prices of inputs;

3. changes in technology:

When the demand for a good equals the supply of the good, the market for the good is said to be in equilibrium.

I think studying economics is very important for people. Economics is the study of how society allocates resources and goods. If people know what economics, economic policy, economic analysis are they understand the economic processes.

List of literature

1. Дюканова Н.М. Английский язык для экономистов: Учеб.пособие. – М.: ИНФРА-М, 2006. – 320 с.

2. Большой англо-русский экономический словарь / Составители С.С. Иванов, Д.Ю. Кочетков. – М.: ЗАО Центр-полиграф, 2005. – 620 с.