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:

    “But the nomads were the terror of all those whom the soil or the advantages of the market had induced to build towns. Agriculture therefore was a religious injunction, because of the perils of the state from nomadism.”
    —Ralph Waldo Emerson (1803–1882)

    “He had a whole heaven and horizon to himself, and the sun seemed to be journeying over his clearing only the livelong day.”
    —Henry David Thoreau (1817–1862)