demand and supply

demand and supply
demand and supply deˌmand and supˈply noun [uncountable]
ECONOMICS the demand for goods and services in relation to the amount available and the price:

• Perfectly competitive markets achieve an efficient allocation of resources by balancing demand and supply through the price mechanism.

— compare supply and demand

* * *

demand and supply UK US noun [U]
ECONOMICS a less common way of saying SUPPLY AND DEMAND(Cf. ↑supply and demand): »

For the economist the interplay between demand and supply underlies the entire concept of the market.

Financial and business terms. 2012.

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