Definition, Meaning & Synonyms
market-forces
noun
ˈmɑːrkɪt fɔːrsɪz
Definition
The economic factors that influence the supply and demand for goods and services in a market.
Examples
- Market forces can lead to fluctuations in pricing.
- The company had to adapt its strategy to the prevailing market forces.
- Understanding market forces is essential for new entrepreneurs.
Meaning
Market forces refer to the various elements that dictate the price and availability of products based on the interaction of buyers and sellers.
Synonyms
- economic factors
- market dynamics
- supply and demand
