__________ Means Looking Not Just at Discrete Parts of an Organizational

question 2

Short Answer

__________ means looking not just at discrete parts of an organizational situation, but also at the continually changing interactions among the parts.

---

Definitions:

Supply

The total quantity of a good or service that market participants are willing and able to sell at a given price over a specific time period.

Demand

The quantity of a good or service that consumers are willing to buy at a given price over a specified period.

Deadweight Loss

A loss in economic efficiency that occurs when the optimal quantity of a good is not produced, often due to market distortions.

Daily Demand

The total amount of a good or service that consumers are willing and able to purchase at a particular price in a single day.