EQUILIBRIUM- A UNIQUE PHENOMENON

The need and want varies as per different situations and basic needs of customers. Buyers are always looking for a product within their range and income. Increase in demand of a particular product gives rise to many factors such as the requirement of raw material, labour, transportation and proper distribution channels. However, there is a fluctuation in supply and demand which is a big challenge to the distribution channels. There are sometimes when the demand and supply becomes equal known as equilibrium, which mostly happens on equipments or goods on moderate demand and availability.
However precise forecasting can be done, but it doesn't gurantee exact determination of demand in advance.