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Bitcoin's value fluctuates based on supply and demand; one bitcoin is currently worth about $642.
This is a big deal because an effective price mechanism -- one that adjusts prices based on supply and demand -- is a trademark feature of capitalist economies.
A market-based system that sets the price of electricity based on supply and demand could avoid the problems of net metering (the policy of compensating distributed generators at retail electricity prices for the power they feed back onto the grid).
Off the record, one top hotel admitted to the BBC that the rooms market is "based on supply and demand".
"Part of the beauty of this is that it's based on supply and demand," he added.
Like airlines, rental car companies change prices frequently, based on supply and demand.
Currencies work like any other salable good in that they adjust based on supply and demand.
Or is it just another commodity, like coffee beans, to be traded at a price based on supply and demand?
Similar(3)
A comparison of the regional COD flows and their water resources characteristics suggests that Chinese policymakers should design and implement a holistic national plan to reduce the country's total COD discharge based on supply- and demand-side responsibilities − especially in net exporter regions that lack fresh water.
Table 2 Future scenarios based on supply of and demand for educational technology Scenario Demand Supply Paradigm 2020-1 + + New 2020-2 + – Traditional 2020-3 – + Conflict 2020-4 – – No paradigm.
Peter McAllister, the executive director of the ETI, said: "Like any new member there is a period where we work through what our expectations are and the company's priorities, based on supply chain needs and tackling relevant issues.
More suggestions(15)
based on offer and
based on supply side and
based on requirements and
based on research and
based on hatred and
based on sentiment and
based on volatility and
based on tourism and
based on science and
based on rice and
based on performance and
based on faith and
based on qualification and
based on emotion and
based on constituency and
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com