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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: 2011-01-06 12:56:52
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. We also look at how the price system promotes efficiency helps to regulate economic activity. Also includes a discussion of how prices store and communicate economic information.
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