HOW MARKET RELATIONS HAVE CHANGED IN THE 21ST CENTURY
HOW MARKET RELATIONS HAVE CHANGED IN THE 21ST CENTURY

Author(s): Vanya Hadzhieva
Subject(s): Economy, Financial Markets
Published by: Национално издателство за образование и наука „Аз-буки“
Keywords: market; market relations; changes
Summary/Abstract: Over its millennial history, markets have established themselves as a gathering center and intersection of all public interests that meet in the market arena to satisfy the demand and supply of assets. Market relations encompass the entire set of interactions between consumers, producers and intermediaries. In their essence, it is the market relations that form the basis of the economic systems through which the distribution of resources is realized from antiquity to the present day. The essence of market relations is the supply-demand relationship, through which the searching consumers declare their willingness and ability to buy, and the offering producers and traders their readiness to offer the relevant assets. In its essence, this is a classical interaction that retains its essence over the centuries, modifying and developing the specific techniques and models for its practical implementation. The purpose of the presented material is to focus attention on the new moments in the process of realizing market relations in the 21st century through analytical comparison.

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