DISCUSS THE MERITS AND DEMERITS OF THE MARKET AS AN INSTITUTION OF EXCHANGE Introduction The global economy is categorized into two broad economies i.e. the command economy that is directed by a centralized government and a market economy which is based on private enterprise. Market economy...

ECONOMICS AND THE HOUSING MARKET ESTABLISHED RESIDENTIAL HOUSE INTRODUCTION At present, not a day passes where there isn't a media report about the domestic housing/property market. The property market has proved its significance in the context of overall domestic activity, investme...

Demand/supply disequilibrium management refers to the management of fluctuating, but otherwise normal and expected demand (in terms of average demand and supply), a condition that Kotler (1973) referred to as irregular demand. This article analyzes management response to short-run fluctuations in d...