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:

    “Ae market night,
    Tam had got planted unco right,
    Fast by an ingle, bleezing finely,
    Wi’ reaming swats that drank divinely;”
    —Robert Burns (1759–1796)

    “We should conserve evil just as we should conserve the forests. It is true that by thinning and clearing the forests the earth grew warmer.”
    —Friedrich Nietzsche (1844–1900)