Concept information
Preferred term
supply and demand
Definition
- The relationship between the amount or quantity of a commodity that is available for purchase and the desire or ability of consumers to buy or purchase the commodity, which, in theory, determines the commodity's price in a free market.
Broader concept
Narrower concepts
Belongs to group
Belongs to array
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URI
http://www.eionet.europa.eu/gemet/concept/10940
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