Suchergebnisse
Suchergebnisse:
Say’s law states that the production of goods creates its own demand. In 1803, John Baptiste Say explained his theory. “It is worthwhile to remark that a product is no sooner created than it, from that instant, affords a market for other products to the full extent of its own value.” (J. B. Say, 1803: pp.138–9) This view suggests that ...
26. Apr. 2024 · Say's Law of Markets is a theory from classical economics arguing that the ability to purchase something depends on the ability to produce and thereby generate...
In classical economics, Say's law, or the law of markets, is the claim that the production of a product creates demand for another product by providing something of value which can be exchanged for that other product. So, production is the source of demand.
31. Jan. 2024 · What Is Say’s Law? Say’s Law of Markets states that supply creates demand, and each supply of goods or items creates an equivalent amount of demand for the goods. It works on the idea one good can increase demand for another. The law thus denies a possible scarcity of aggregate demand.
Say’s Law of Markets states that the supply of a good or service creates demand for that good or service, i.e., supply creates its own demand. According to Say’s Law, any economic agent must first produce goods and services that before they can consume, i.e., a person’s ability to demand goods and services is a direct result of the ...
24. Jan. 2023 · Say's Law: An Overview. EconomicsOnline • January 24, 2023 • 5 min read. What Is Say’s Law? Say's law identifies the origins of the demand for goods in a market, and is often expressed by the phrase, "supply creates its own demand."
Say’s Law states that supply creates its own demand; changes in aggregate demand have no effect on real gross domestic product or employment, only on the price level. Say’s Law can be shown on the vertical neoclassical zone of the aggregate supply curve.
