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

supply and demand

noun

/səˌplaɪ ən dɪˈmɑːnd/

/səˌplaɪ ən dɪˈmænd/

[uncountable] (economics)

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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
Topics Moneyc1

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See supply and demand in the Oxford Advanced American DictionarySee supply and demand in the Oxford Learner's Dictionary of Academic English

Check pronunciation: supply and demand

Nearby words

noun

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B2

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