Definitions from Wiktionary (cobweb model)
▸ noun: (economics) An economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices.
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▸ noun: (economics) An economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices.
Similar:
supply and demand,
cyclical unemployment,
Bertrand-Edgeworth model,
currency war,
virtual market,
economy model,
supply curve,
bullwhip effect,
offer curve,
buy side,
more...
Opposite:
▸ Words similar to cobweb model
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▸ Rhymes of cobweb model
▸ Invented words related to cobweb model