Say's Law states that supply creates its own demand. Please explain the meaning of this statement with references?© BrainMass Inc. brainmass.com October 10, 2019, 5:50 am ad1c9bdddf
The basic meaning of Say's law is that supply creates its own demand because as there is supply, there will be demand. Say believed that a businessperson would never keep money for themselves to any extreme degree, and that as money is made and received, that same money will go back out creating ...
This solution explains Say's Law, and explains how supply does (or doesn't) create its own demand. References are also provided.