Market Forces Flashcards
1
Q
Define Market forces
A
The actions of buyers and sellers that causes the prices of goods and services to change in a free market, the economic factors of supply and demand which determines the allocation of scarce resources and the relative prices of goods, services and assets in a market economy
2
Q
STEEPLE Is an acronym which stands for what external factors?
A
Social
Technological
Environmental
Economical
Political
Legal
Ethical
3
Q
A
