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Supply and demand
Meaning
Noun
●
In 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).
Sourced from
Wiktionary
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