Say’s law is loosely stated as “supply creates its own demand.” Say himself had a slightly different idea, namely, that an increase in the supply of X would lead to an increase in demand for Y (an increase in supply of swimming pools leads to an increase in demand for swimming clothes).
Share this post
Does Cognition Obey Say's Law?
Share this post
Say’s law is loosely stated as “supply creates its own demand.” Say himself had a slightly different idea, namely, that an increase in the supply of X would lead to an increase in demand for Y (an increase in supply of swimming pools leads to an increase in demand for swimming clothes).