Say's law
Definitions
A principle whereby those who produce anything must be paid sufficiently to buy the products they make, whether it be in a local economy or the world economy.
Examples
“In accordance with Say's law, if only Mexican wages are paid for products, then these products must eventually and inescapably be sold at Mexican prices, not American prices.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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