Market correction
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
- Market trend
- Real estate bubble of 1796-1797
- Financial Bubble of 1837
- United States housing market correction
- United States housing bubble
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