PRICE MECHANISM
\pɹˈa͡ɪs mˈɛkənˌɪzəm], \pɹˈaɪs mˈɛkənˌɪzəm], \p_ɹ_ˈaɪ_s m_ˈɛ_k_ə_n_ˌɪ_z_ə_m]\
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The dependence of supply and demand of a good or service and its value. When demand is greater than supply, the price falls and vice versa. The influx of suppliers leads to a lowering of the cost and when suppliers leave the price is driven up.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.