supply and demand
Noun
Meaning
supply and demand (uncountable)
(economics) A capitalistic model of price determination in a market.
Examples
Concepts Supply and demand main Demand for an item (such as goods or services) refers to the market pressure from people trying to buy it.
We had important data out overnight – the World Agricultural Supply and Demand Estimates report, produced by the United States Department of Agriculture (USDA).
Supply and demand analysis is a useful precisely formulated conceptual tool that clever people have devised to help us gain an abstract understanding of a complex world.
Supply and demand At least two assumptions are necessary for the validity of the standard model: first, that supply and demand are independent; second, that supply is "constrained by a fixed resource".
Noon – USDA releases monthly World Agricultural Supply and Demand Estimates, and monthly Crop Production and annual Crop Production reports.
Supply and demand hasn’t been the only issue for the program in its first month.