Economy, asked by shejalnar5, 5 months ago

ACCORDING TO WHAT SUPPLY CREATES ITS OWN DEMAND

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Answered by Anonymous
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 XxxItsStylishGirlxxX
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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

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