Essays on Supply and Demand

“Under ordinary competitive conditions, any long and serious maladjustment between supply and demand cannot last.”― George W. Stocking, Cartels in Action: Case Studies in International Business Diplomacy The concept of supply and demand is arguably one of economics’ most fundamental concepts and is considered the…

The labour market is concerned about the demand and supply of a factor of production (in this case labour) while the product market is the market where the demand and supply of goods are determined. The demand for labour is a derived demand which is…

Abstract This survey explored second-hand clothing (SHC) trade in the Cape Coast Metropolis in the Central Region of Ghana. The purpose of the study was to ascertain the commonly patronized second-hand clothing and the reasons why the SHC business was on the increase in the…

Supply Chain Management Supply chain management is the process of managing how goods and services flow within an organization and the final consumer. It comprises the raw materials’ movement and storage, transformation of these raw materials and components into finished goods then delivering them from…

The traditional productionist chain concept of activity through which firms develop sustainable competitive advantage and shareholder value has recently been challenged by the sector matrix model established by Froud et al (1998). Indeed, “drawing upon the unstable and unpredictable nature of modern business” (Teece, 2009),…

The buying and selling of human body parts has been a hotly debated topic throughout history. Specifically, the market for human blood receives a lot of attention in the public eye. This is not without reason: someone in the US needs a blood transfusion approximately…

Sports have always played a big part in the lives of Americans and have provided a way for people everywhere to come together and escape their everyday lives while cheering on the teams that they love. Ever since professional baseball started in the late 1800s,…

INTRODUCTION A business organization is an entity set up by a person or group of people with the aim of making profit at the end of the business year by providing goods and services to make customers satisfied. TYPES OF BUSINESS ORGANIZATIONS Sole proprietorship –…

Supplier selection is the process in which firms select one or a group of supplier to acquire the necessary raw material to meet the organization’s output. Selecting the best and/or the most suitable suppliers is based on accurately identify, evaluate, and contract with suppliers to…

Abstract— To analyze supply and demand gap in transport to and from airport using Uber sample data, as this data is being generated in real time in huge chunks I am using Hadoop for analyzing this data. INTRODUCTION You may have some experience of travelling…