concept   market equilibrium
culture   India
statement   In India, market equilibrium is influenced by complex social, cultural, and economic factors, leading to non-traditional market behaviors.

2 similar statements
# Concept Culture Statement Freq.
1 market equilibrium India Market equilibrium is viewed with skepticism, as external factors such as corruption, bureaucracy, and informal economies can significantly disrupt the balance of supply and demand. 1
2 supply and demand India Cultural and social factors may also play a significant role in shaping supply and demand dynamics, sometimes leading to non-traditional market behaviors and structures. 1