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


supply and demand

BrE BrE//səˌplaɪ ən dɪˈmɑːnd//
; NAmE NAmE//səˌplaɪ ən dɪˈmænd//
[uncountable] (economics) Economy
jump to other results
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