What is meaning of "economics the setting of price in a market by a dominant company"
When i refered to menaing of price leardership i got its meaning that states
'economics the setting of price in a market by a dominant company which is followed by other in market'
I got its overall meaning but i cant understand the sentance ""economics the setting of price"
What does that mean.

Question

What is meaning of "economics the setting of price in a market by a dominant company"
When i refered to menaing of price leardership i got its meaning that states
'economics the setting of price in a market by a dominant company which is followed by other in market'
I got its overall meaning but i cant understand the sentance ""economics the setting of price" 
What does that mean.

Answer

Economics is a term used for the production, consumption and distribution of wealth.
Ecconmics=how a business or country is spending their money, producing products and using products. When they refer to "economics the setting of price" they mean how much a product/a good/ or service will cost/money/price.

Answer

Economics is a term used for the production, consumption and distribution of wealth.
Ecconmics=how a business or country is spending their money, producing products and using products. When they refer to "economics the setting of price" they mean how much a product/a good/ or service will cost/money/price.

Answers · 3

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