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Graphic Model of
Small Complex Market


Introduction

Most descriptions of markets overlook two very important concepts:

  1. The complexity of markets.
  2. Costs develop from the consumer backwards through the structure of production.

The Model

How many steps from the buyer of an aluminum framed bicycle to the aluminum mine? How many people interact with that bike buyer and the businesses that supply him?

This model does not pretend to give a definitive answer to these questions, but it should give you new insights into the complexity of even small markets and the manner in which all producers depend on consumers to buy their products and, thereby, send price signals throughout the market.

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