Market interaction/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> The tendency for a change in the price of the product (or of a factor of production) in one market to influence the corresponding price in another b...) |
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The tendency for a change in the price of | The tendency for a change in the price of a product (or of a factor of production) of one market to influence a corresponding price in another because of the possibility of substitution between their products (or between their factors of production). | ||
Latest revision as of 11:00, 29 August 2010
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Market interaction [r]: The tendency for a change in the price of a product (or of a factor of production) of one market to influence a corresponding price in another because of the possibility of substitution between their products (or between their factors of production).