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:

    “At market and fair, all folks do declare,
    There is none like the Boy that sold Broom, green Broom.”
    —Unknown. Broom, Green Broom (l. 23–24)

    “Usually the scenery about them is drear and savage enough; and the logger’s camp is as completely in the woods as a fungus at the foot of a pine in a swamp; no outlook but to the sky overhead; no more clearing than is made by cutting down the trees of which it is built, and those which are necessary for fuel.”
    —Henry David Thoreau (1817–1862)