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"SUPPLY CREATES ITS OWN DEMAND" . Prove this with answer and example
"SUPPLY CREATES ITS OWN DEMAND" . Prove this with answer and example
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Solution
The Classical School of thought was based on the belief that "Supply Creates its own Demand". This meant that they believed that whatever was produced by the manufacturers will always have a demand. In other words, it meant that the market can absorb anything and everything that was produced.
The Classical School of thought was based on the belief that "Supply Creates its own Demand". This meant that they believed that whatever was produced by the manufacturers will always have a demand. In other words, it meant that the market can absorb anything and everything that was produced.
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