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)

    “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)