supply and demand
Jump to navigation
Jump to search
English[edit]
Noun[edit]
supply and demand (uncountable)
- (economics) A capitalistic model of price determination in a market, according to which, holding all else equal in a competitive market, the unit price for a particular good will eventually settle at a point where the quantity demanded will equal the quantity supplied (at the current price).
Translations[edit]
economic model of pricing
|