ACCORDING TO WHAT SUPPLY CREATES ITS OWN DEMAND
Answers
Answered by
0
Say's law states that the production of goods creates its own demand. In 1803, John Baptiste Say explained his theory. This view suggests that the key to economic growth is not increasing demand, but increasing production
Answered by
0
Your Questions ⁉️
ACCORDING TO WHAT SUPPLY CREATES ITS OWN DEMAND
My answer ✌️
From the time of Say and Ricardo the classical economists have taught that supply creates its own demand; —meaning by this in some significant, but not clearly defined, sense that the whole of the costs of production must necessarily be spent in the aggregate, directly or indirectly, on purchasing the product.
XxxItsStylishGirlxxX
Similar questions