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Reword or paraphrase this please need to pass my final Being a retailer, one of the important concepts I see is the concept of Economic

Reword or paraphrase this please need to pass my final

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Being a retailer, one of the important concepts I see is the concept of Economic incentives in my daily routine life, which can be seen as the tool of motivation regarding how supply and demand operations encourage the producers to supply goods that the consumers want, and the consumer conserving the scarce resources. When the consumer demand for the good increases then the market price of that good rises and the producers have an incentive to produce more good because they can receive the higher price while on the other side we can see that when scarcity of raw material increases or the cost of inputs increases and the producers cut back supply then price they charge for the good Increases and the consumers have the incentive to save their consumption of that good which is now becoming expensive due to high cost of production land reserve it reserve for the use for their highly-valued consumption

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