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Market & market mechanism (market mechanism (supply (3. impact on…
Market & market mechanism
market
functions
allows incomes allocation
affects supply and demand*
allows exchange of information
to bring together supply and demand
classification
goods and services market, market of factors of production, financial market
partial, aggregate
local, national, international, world
legal, illegal
fundamental economic issues
How to produce?
For whom to produce?
What to produce?
hospodárska súťaž (právo)
nekalá súťaž
klamlivá reklama
klamlivé označovanie tovaru a služieb
vyvolávanie nebezpečenstva zámeny
parazitovanie na povesti podniku, výrobkov alebo služieb iného súťažiteľa
podplácanie
zľahčovanie
porušovanie obchodného tajomstva
ohrozovanie zdravia spotrebiteľov a životného prostredia
nedovolené obmedzovanie hospodárskej súťaže
zneužívanie dominantného postavenia na trhu
koncentrácia
dohody obmedzujúce súťaž
competition
2. demand & supply
3. supply & supply
price and non-price competition
perfect competition, monopoly, oligopoly, monopolistic competition
1. demand & demand
Solution
(economic system)
command economy
market economy
custom economy
mixed economy
market subjects
businesses
households
state
market mechanism
supply
2. law of upward-sloping supply
3. impact on supply
number of competitors
new market opportunities
price of substitues and complementary goods
price of new technologies
price of inputs
1. behavior or supply
4. supply classification
partial
aggregate
individual
price
current price
market price
equilibrium price
demand
2. law of downward-sloping demand
3. impact on demand
demographics
external shocks and the others...
advertising and branding
consumer incomes
price
price of substitutes
price of complementary goods
4. demand classification
real, potential
individual, partial, aggregate
1. behavior of demand
market balance - equilibrium
market imbalance