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Kerim Kfuri
Discover supply chain excellence with Kerim Kfuri, CEO of The Atlas Network and pioneer in global logistics solutions.
USA
Discover Kerim Kfuri, a visionary leader in global supply chain management. As President and CEO of The Atlas Network since 2006, he has propelled the company to industry prominence, notably as Alibaba's inaugural US supplier. Kerim's expertise...
Jack Stratten
Jack is a highly experienced retail trends speaker, writer and researcher who's worked with Insider Trends since its inception
UK
Jack is a trusted retail commentator who has provided expert insights to a range of major media outlets, including the Channel 4 TV series – The Truth About Amazon: How To Shop Smart, and BBC Radio...
Jeffrey Bauer
Health futurist, medical economist, author, and consultant in strategic planning and performance improvement
USA
Keynote speaker Jeffrey Bauer is an internationally recognized health futurist and medical economist. As an independent industry thought leader, he forecasts the evolution of health care and develops practical approaches to improving the medical...
Ian Bremmer
Uncover global insights with Ian Bremmer, renowned political scientist and founder of Eurasia Group. Navigate uncertainties and shape strategies for success.
USA
Unlock Strategic Vision with Ian Bremmer—Founder of Eurasia Group and GZERO Media. A global authority in political risk, Ian delivers unparalleled insights for businesses navigating complex challenges. With a proven track record, bestsellers, and...
About Supply and Demand
- Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy.
- Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship.
- Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship.
- Price, therefore, is a reflection of supply and demand.
- The relationship between demand and supply underlie the forces behind the allocation of resources. In market economy theories, demand and supply theory will allocate resources in the most efficient way possible.