1. Inputs are the factors of production (land,
labour, capital, materials) that are put into a business to produce goods and
services.
2. When all goods are normal, lower consumer income reduces the demanded
quantity for all goods.
3. When the Beatles and Rolling Stones first became popular, the demand for
haircuts (стрижка) suddenly fell.
4. When incomes rise, the demand for most goods increases. Typically,
consumers buy more of everything.
5. At any time, the market price may not be the equilibrium price
leading to excess supply (surplus) or excess demand (.shortage).
6. If there is a national food shortage, a government may impose a
ceiling price on food so that poor people can buy enough food.
7. Workers in poor countries having no resources for health and education are
often less productive than workers using the same technology in rich
countries. And without higher productivity it is hard to increase investment
in people as well as in machinery.
8. Japanese consumers pay as much as eight world prices for beef
(говядина).