Market Forces

Market forces refer to the economic factors that influence the supply and demand for goods and services in a marketplace. When demand for a product increases and supply remains the same, prices typically rise. Conversely, if supply increases while demand stays constant, prices tend to fall. Other factors like consumer preferences, competition, and external events can also affect these dynamics. Understanding market forces helps businesses and consumers make informed decisions about buying, selling, and pricing products in response to changing market conditions.