21. Who enunciated the proposition that "supply creates its own demand."
(A) J.M.Keynes
(B) Fisher
(C) J.B. Say.
(D) Marshall
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➦Sᴀʏ's ʟᴀᴡ ᴏғ ᴍᴀʀᴋᴇᴛs ɪs ᴛʜᴇ ᴄᴏʀᴇ ᴏғ ᴛʜᴇ ᴄʟᴀssɪᴄᴀʟ ᴛʜᴇᴏʀʏ ᴏғ ᴇᴍᴘʟᴏʏᴍᴇɴᴛ. Aɴ ᴇᴀʀʟʏ 19ᴛʜ ᴄᴇɴᴛᴜʀʏ Fʀᴇɴᴄʜ Eᴄᴏɴᴏᴍɪsᴛ, J.B. Sᴀʏ, ᴇɴᴜɴᴄɪᴀᴛᴇᴅ ᴛʜᴇ ᴘʀᴏᴘᴏsɪᴛɪᴏɴ ᴛʜᴀᴛ “sᴜᴘᴘʟʏ ᴄʀᴇᴀᴛᴇs ɪᴛs ᴏᴡɴ ᴅᴇᴍᴀɴᴅ.” Tʜᴇʀᴇғᴏʀᴇ, ᴛʜᴇʀᴇ ᴄᴀɴɴᴏᴛ ʙᴇ ɢᴇɴᴇʀᴀʟ ᴏᴠᴇʀᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀɴᴅ ᴛʜᴇ ᴘʀᴏʙʟᴇᴍ ᴏғ ᴜɴᴇᴍᴘʟᴏʏᴍᴇɴᴛ ɪɴ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ.
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Sᴀʏ's ʟᴀᴡ ᴏғ ᴍᴀʀᴋᴇᴛs ɪs ᴛʜᴇ ᴄᴏʀᴇ ᴏғ ᴛʜᴇ ᴄʟᴀssɪᴄᴀʟ ᴛʜᴇᴏʀʏ ᴏғ ᴇᴍᴘʟᴏʏᴍᴇɴᴛ. Aɴ ᴇᴀʀʟʏ 19ᴛʜ ᴄᴇɴᴛᴜʀʏ Fʀᴇɴᴄʜ Eᴄᴏɴᴏᴍɪsᴛ, J.B. Sᴀʏ, ᴇɴᴜɴᴄɪᴀᴛᴇᴅ ᴛʜᴇ ᴘʀᴏᴘᴏsɪᴛɪᴏɴ ᴛʜᴀᴛ “sᴜᴘᴘʟʏ ᴄʀᴇᴀᴛᴇs ɪᴛs ᴏᴡɴ ᴅᴇᴍᴀɴᴅ.” Tʜᴇʀᴇғᴏʀᴇ, ᴛʜᴇʀᴇ ᴄᴀɴɴᴏᴛ ʙᴇ ɢᴇɴᴇʀᴀʟ ᴏᴠᴇʀᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀɴᴅ ᴛʜᴇ ᴘʀᴏʙʟᴇᴍ ᴏғ ᴜɴᴇᴍᴘʟᴏʏᴍᴇɴᴛ ɪɴ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ.
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