demand and supply analysis and disgrams, price mechanismgreenspun.com : LUSENET : Economic History (and Related Observations) : One Thread
Hello, I am writing an analytical essay and am looking for help with the question:
Using the demand supply analysis and diagrams, explain the price mechanism. How does this influence resource allocation at any given time? Demonstrate by giving an example?
And also: Is Adam Smith's economic theory still relevant today?
Thanks a lot
-- Ellie Thompson (email@example.com), May 09, 2004