THE ESSENCE OF THE PRICE, ITS FORMATION FEATURES AND MONOPOLY
DOI:
https://doi.org/10.55640/Keywords:
Price, demand, supply, value, market mechanism, monopoly, competition, price determination.Abstract
This scientific article discusses in detail the economic content of the price, the mechanisms of its formation in market conditions, the influence of supply and demand factors, the role of production costs, the influence of competition on price stability, and the main features inherent in price determination in economic systems with monopoly structures. During the analysis, the interaction of market mechanisms, price regulation, and the role of monopoly entities in market management are considered based on a scientific approach.
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References
1. Mishra S Economics Theory and Practice New Delhi Oxford Press 2010 pp. 112–118
2. Marshall A Principles of Economics London Palgrave Macmillan 2012 pp. 85–92
3. Krugman P Wells R Microeconomics New York Worth Publishers 2018 pp. 140–156
4. Law of the Republic of Uzbekistan on Competition pp. 23–30
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