User contributions for SatelliteHunters

A user with 11 edits. Account created on 7 July 2024.
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18 July 2024

17 July 2024

  • 19:3819:38, 17 July 2024 diff hist +789 N SupplyCreated page with "In economics, '''supply''' refers to the market's capacity to produce or provide commodities, and demand refers to how desired the commodity is in the market. When supply is larger than demand, the price of a commodity decreases. While when demand is higher than supply, prices will increase. Theoretically, if we said that supply and demand have met, then the price of a commodity is its value. However this never happens. ==Issues== ===Manipulation=== Supply and..." current
  • 19:3519:35, 17 July 2024 diff hist +372 N Artificial scarcityCreated page with "'''Artificial scarcity''' is a tactic used by capitalists to raise profit when the demand of a given commodity is considerably lower than its supply. This leads to an increase in prices achieving more profits for the capitalist. This is usually done by destroying sizeable quantities of the commodity in question. {{stub}} Category:Capitalism" current
  • 19:3319:33, 17 July 2024 diff hist +293 N ValueCreated page with "'''Value''' is composed of use-value and exchange-value. The value of a commodity lies in its average social production time. ==Examples== For instance, if it takes 1 year to make a guitar, and 1 year to make a car, their values are equal. {{stub}} Category:Marxist economics" current

8 July 2024