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 “John Maynard Keynes”
In its simplest form, the theory states that if the amount of money in circulation increases, the price level will also increase, and vice versa, assuming other factors remain constant.