Costs supplies the inducement to the consumer and producer.
Costs supplies the inducement to the consumer and producer. High prices urged more generation of the producers, but less consumption by consumers. Low prices dissuade generation by the manufacturer, and motivated use of the consumers. Both incentives press the cost to balance the forces of use (demand) and manufacturing (provide). Economists name this balance: balance …
Costs supplies the inducement to the consumer and producer. Read More »