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Definition of supply and demand noun from the Oxford Advanced Learner's Dictionary

supply and demand

noun
 
/səˌplaɪ ən dɪˈmɑːnd/
 
/səˌplaɪ ən dɪˈmænd/
 [uncountable] (economics)
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  1. the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices
    • the law of supply and demand
    Topics Moneyc1
See supply and demand in the Oxford Advanced American DictionarySee supply and demand in the Oxford Learner's Dictionary of Academic English
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Nearby words

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adjective
 
 
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