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Meaning of supply and demand | Babel Free

Noun CEFR C1

Definitions

A capitalistic model of price determination in a market, according to which, holding all else equal in a competitive market, the unit price for a particular good will eventually settle at a point where the quantity demanded will equal the quantity supplied (at the current price).

uncountable

Equivalents

Español oferta y demanda
日本語 需給
한국어 수급
Nederlands vraag en aanbod
Português oferta e procura
Türkçe arz ve talep
Tiếng Việt cung cầu

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

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