noun
Meaning 1
A capitalistic model of price determination in a market, according to which, holding all else equal in a competitive market, the unit price for a particular good will eventually settle at a point where the quantity demanded will equal the quantity supplied (at the current price).
Definition source: English Wiktionary via Wiktextract
Usage: uncountable
Topics: economics, sciences
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided