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MARKET MECHANISM OF PRICING
Zhiltsova Elina Leonidovna
Voronezh state timber college
graduate student
Voronezh state timber college
graduate student
Abstract
Having taken as the basis the theory of market pricing developed by the founder of the Cambridge school of political economy of A. Marshallom, we defined that the mechanism of market pricing represents continuous competition of sellers of the benefit for buyers and buyers of the benefit for sellers that finally leads to establishment of a situation of market balance that is graphically represented in the form of a point of intersection of curves of supply and demand.
Category: 08.00.00 Economics
Article reference:
Market mechanism of pricing // Modern scientific researches and innovations. 2014. № 9. P. 1 [Electronic journal]. URL: https://web.snauka.ru/en/issues/2014/09/37463
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