A market correction is a rapid change in the nominal price of a commodity, after a barrier to free trade has been removed and the free market establishes a new equilibrium price. It may also refer to several of these single-commodity corrections en masse, as a collective effect over several markets concurrently.
See also Edit
- Market Trend
- Real Estate Bubble of 1796-1797
- Financial Bubble of 1837
- U.S. Housing Market Correction
- United States Housing Bubble
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