Cyclopedia Of Economics 1st edition


Innovative Supply and Demand Patterns



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Innovative Supply and Demand Patterns

The public sector is developing innovative patterns of supplying its products and services - and of generating demand for them. A well-known example: everyone in North America can produce electricity in his home and in his spare time. He can use wind energy or even the energy in his muscles to produce electricity. The electricity companies are obliged to purchase the electricity thus generated from the small producers at a fixed price. This way, they secure diversified sources of supply and plow back a part of its income to the community.






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