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Home > The Science of Everything Podcast > Episode 12: The Price System
Podcast: The Science of Everything Podcast
Episode:

Episode 12: The Price System

Category: Science & Medicine
Duration: 00:42:11
Publish Date: 2021-11-28 11:47:21
Description:

An examination of how the price system works, including an introduction to supply and demand theory, and the concepts of clearing the market and surplus maximisation. I also look at how the price system promotes efficiency helps to regulate economic activity. I conclude with a discussion of how prices store and communicate economic information.

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