modul New Uzbekistan

VOCABULARY
Expense- xarajat
Revenue- daromad, foyda
Commercial – tijotiy, tijoratga oid
Equity – adolatlilik, haqqoniylik
Financial – moliyaviy
Taxpayers- soliq to’lovchi
Royalty- avtorlik gonorari
Fee- to’lov


Questions
1. What is the revenue?
2. What is the expense?
3. What should not we use for measuring revenue?
4. What is the total amount of income generated by the sale of goods or services?

1.13 -modul

Demand and Supply. Gram: Past perfect.

In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted.
Supply and demand are among the most important concepts in economics. They drive the prices of goods and services in a market economy, as well as salary levels.

– Demand represents how much of a product or service people want.

– Supply represents how much (the quantity) of a good or service a market can provide or offer.

The amount of a product people are willing to buy at a price is “the quantity demanded.” The relationship between demand and price is called the demand relationship.
Supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. It is the main model of price determination used in economic theory. The price of a commodity is determined by the interaction of supply and demand in a market. The resulting price is referred to as the equilibrium price and represents an agreement between producers and consumers of the good. In equilibrium the quantity of a good supplied by producers equals the quantity demanded by consumers.
The quantity of a commodity demanded depends on the price of that commodity and potentially on many other factors, such as the prices of other commodities, the incomes and preferences of consumers, and seasonal effects. In basic economic analysis, all factors except the price of the commodity are often held constant; the analysis then involves examining the relationship between various price levels and the maximum quantity that would potentially be purchased by consumers at each of those prices. The price-quantity combinations may be plotted on a curve, known as a demand curve, with price represented on the vertical axis and quantity represented on the horizontal axis.
To understand the market mechanism, one needs to have a good knowledge of demand and supply, as these two forces regulate the entire market. Demand implies the desire for a good, supported by the ability and readiness to pay for it. On the other hand, supply alludes to the total amount of a commodity ready for sale.
When demand rises there is a shortage in the supply and when a supply is enough the demand falls short, so there is an inverse relationship between these two elements.Nowadays people are very selective regarding the things they use, carry and wear. They are very conscious about what to purchase and what not to? A little change in the prices or the availability of a commodity affects people drastically.
The demand and supply model is helpful in simplifying how the price and quantity traded are ascertained in the market as well as how the outside forces affect the demand and supply of the commodity. Go through with this write-up to get a clear understanding of the difference between demand and supply.