Say’s Law of Markets is one of the most significant principles to emerge from classical economics, often paraphrased as “supply creates its own demand.” At its core, the law suggests that the act of production generates the means and desire for consumption.
Posts tagged as “Circular Flow Of Income”
This article reviews the concept of the Circular Flow of Income (CFOI), National Income Equilibrium, Paradox of Thrift and The Multiplier Effect.