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:

    “Forbede us thing, and that desiren we;
    Preesse on us faste, and thanne wol we flee.
    With daunger oute we al oure chaffare:
    Greet prees at market maketh dere ware,
    And too greet chepe is holden at litel pris.”
    —Geoffrey Chaucer (1340?–1400)

    “[Panurge] spent everything in a thousand little banquets and joyous feasts open to all comers, particularly jolly companions, young lasses, and delightful wenches, and in clearing his lands, burning the big logs to sell the ashes, taking money in advance, buying dear, selling cheap, and eating his wheat in the blade.”
    —François Rabelais (1494–1553)