Submit a question to our community and get an answer from real people.
Submit

what does supply and demand mean

Report as

Supply and Demand are economic terms used to describe a relationship between producers and consumers. In a free market economy producers are free to make whatever they want and consumers are free to demand whatever they want. Typically, producers will supply products and/or services that consumers want in order to maximize profit.

Helpful Fun Thanks for voting Comments (0)
Report as
Add a comment...

Supply and demand is an economic phrase. It refers to the supply (the amount) and demand (the purchases) of various goods and services.

Helpful Fun Thanks for voting Comments (0)
Report as
Add a comment...

supply and demand are economic terms used to describe a relationship between producers and consumers.

Helpful Fun Thanks for voting Comments (0)
Report as
Add a comment...
Do you have an answer?
Answer this question...
Did you mean?
Login or Join the Community to answer
Popular Searches