In economics, market clearing refers to either
- a simplifying assumption made by the new classical school that markets always go to where the quantity supplied equals the quantity demanded; or
- the process of getting there via price adjustment.
Read more about Market Clearing: On Market Clearing
Famous quotes containing the words market and/or clearing:
“The only reason to invest in the market is because you think you know something others don’t.”
—R. Foster Winans (b. 1948)
“We should conserve evil just as we should conserve the forests. It is true that by thinning and clearing the forests the earth grew warmer.”
—Friedrich Nietzsche (1844–1900)