Absorption in economics

Two different scenarios can be understood under absorption:

1.) A process in the course of which a certain amount of offered goods are sold in an economy. From a macroeconomic point of view, the success of this process depends on the development of income; from a microeconomic point of view, it depends on the interests of the buyer and the relative price.

2.) A process with the help of which shocks are processed in an economy. For example, if the price of oil rises dramatically, the other prices will rise and growth will decline. How and to what extent this happens is determined by the absorption process. It can change significantly over time. This was shown, for example, by the processing of the oil price shocks since 2000, which were much less harmful than in the 1970s.

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