supply and demand
noun/səˌplaɪ ən dɪˈmɑːnd/
/səˌplaɪ ən dɪˈmænd/
[uncountable] (economics)- 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
Definitions on the go
Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.
Check pronunciation:
supply and demand