The Role of the Market

Series: American business system

Duration: 29

Year Published: 1962

Creator: WNET/13

Format: 16mm

Color: B&W

Sound: sound

Description: Shows the interplay of supply and demand in the market, ranging through the tense activity of a wholesale produce market, and an interstate used-automobile auction, then through the more subtle process of price-adjustment in a drug store, and a television repair shop. Shows that both the allocation of the nation's resources and the kind and quantity of goods produced and distributed are related directly to the fluctuation of prices on the market and the hope of making a profit. Documents the influence of market conditions on the growing of lettuce in California, the conversion of New England textile mills to the production of electronic instruments, and the discontinuance of a particular line of hair dryers.

Complete Record: Shows the interplay of supply and demand in the market, ranging through the tense activity of a wholesale produce market, and an interstate used-automobile auction, then through the more subtle process of price-adjustment in a drug store, and a television repair shop. Shows that both the allocation of the nation's resources and the kind and quantity of goods produced and distributed are related directly to the fluctuation of prices on the market and the hope of making a profit. Documents the influence of market conditions on the growing of lettuce in California, the conversion of New England textile mills to the production of electronic instruments, and the discontinuance of a particular line of hair dryers., NOTE: Two (or more) records have been merged together to create this data.