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- 1504111
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- 2021-10-10
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- 1970-1-1
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1. introduce the concept of' invisible hand'. the price is correlated to the service offered and the willing to make each other happy.
2. market prices direct each person to satisfy the needs of others. Prices influence the behavior of consumers. price high consume less, price low consume more. => again define the invisible hand
3. Example of electricity => price impacts the conso, conso impacts the price in turn.
4. Example of aluminium => Price push the progress in energy efficiency.
Introduce a concept, examples to better demonstrate the concept, the impact of such concept in terms of technology development. |
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