In December 1988, Prime Minister Miklós Németh expressed the attitude of many reformers by stating publicly that "the market economy is the only way to avoid a social catastrophe or a long, slow death." This fear that continued economic decline would lead to social upheaval is usually given as the main reason for the regime’s decision to negotiate with the opposition, and a prime pressure that caused the fall of communism in Hungary
“Economics: Supply and Demand” is a Social Studies lesson that focuses on understanding the law of supply and demand and its effect on prices in a market economy. The original informational text provides an overview of the definitions of supply and demand
Devaluation of the currency is a product of the government not the free market economy. The Federal Reserve manipulates interest rates and the U.S. Government prints more money than it destroys. Dilution is the same whether its currency or soup, both ways you end up with a watered down product.
The concept of supply and demand is often called the heart and soul of economics. It is the foundation for much of what is studied in the field. Understanding how supply and demand affect the economy helps us recognize economics everywhere in our daily li
The Circular Flow Model of a Market Economy - YouTube