MODERN METHODS FOR INFLUENCING SUPPLY AND DEMAND ON THE SERVICE MARKET

Svetla Tzvetkova ()
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Svetla Tzvetkova: University of National and World Economy, Economics of Transport Department

Economics and Management, 2018, vol. 14, issue 2, 204-210

Abstract: The economic nature of services differentiates them from material goods and determines the specificity of the service market, which in turn stipulates various approaches in the management of market segments. On one hand, this field obeys the universal laws of market economy; on the other hand, all services have unique characteristics which greatly differentiate them from those of goods, such as immateriality, indivisibility, fragility, fickleness of quality and unevenness in time. All these peculiarities of services should be taken into account when developing the various methods which are designed to affect the market elements by stimulating the supply and demand for them, for example. The present article indicates the modern effective methods for influencing supply and demand on the service market, given its specific characteristics.

Keywords: service market; specific characteristics of the service market; influencing supply and demand; methods for affecting market elements (search for similar items in EconPapers)
JEL-codes: R40 R41 R49 (search for similar items in EconPapers)
Date: 2018
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