“supply and demand” is correct, but like the “calories in-out” theory of weight loss, is missing a lot of important causality about the supply and about the demand. There are a LOT of textbooks that go much deeper—George Stigler and Milton Friedman are well-known authors on this topic.
“supply and demand” is correct, but like the “calories in-out” theory of weight loss, is missing a lot of important causality about the supply and about the demand. There are a LOT of textbooks that go much deeper—George Stigler and Milton Friedman are well-known authors on this topic.