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 old palaces, the wallets of the tourists,
    the Common Market or the smart cafés,
    the boulevards in the graceful evening,
    the cliff-hangers, the scientists,
    and the little shops raising their prices
    mean nothing to me.”
    —Anne Sexton (1928–1974)

    “Though the words Canada East on the map stretch over many rivers and lakes and unexplored wildernesses, the actual Canada, which might be the colored portion of the map, is but a little clearing on the banks of the river, which one of those syllables would more than cover.”
    —Henry David Thoreau (1817–1862)