Market Clearing

In economics, market clearing refers to either

  1. a simplifying assumption made by the new classical school that markets always go to where the quantity supplied equals the quantity demanded; or
  2. 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 market came with the dawn of civilization and it is not an invention of capitalism.... If it leads to improving the well-being of the people there is no contradiction with socialism.”
    —Mikhail Gorbachev (b. 1931)

    “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)