English

Definition of supply and demand noun from the Oxford Advanced Learner's Dictionary

 

supply and demand

 noun
noun
BrE
 
; NAmE
 
[uncountable] (economics) Economy
 
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the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices the law of supply and demand See related entries: Economy
See the Oxford Advanced American Dictionary entry: supply and demand