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relation of supply and demand

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  • 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… …   Financial and business terms

  • Demand-led growth — is a theory in Macroeconomic growth theory which is based on the Keynesian principle of effective demand. Under demand led growth, the capacity of the economy to supply output expands in response to an increase in the level of effective demand,… …   Wikipedia

  • international payment and exchange — ▪ economics Introduction international exchange also called  foreign exchange        respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …   Universalium

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  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • Induced demand — is the phenomenon that after supply increases, more of a good is consumed. This is entirely consistent with the economic theory of supply and demand; however, this idea has become important in the debate over the expansion of transportation… …   Wikipedia

  • utility and value — ▪ economics Introduction       in economics, the determination of the prices of goods and services.       The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials …   Universalium

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