supply and demand Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “supply and demand” in the English Dictionary

"supply and demand" in British English

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supply and demand

the ​idea that the ​price of ​goods and ​servicesdepends on how much of something is being ​sold and how many ​peoplewant to ​buy it
(Definition of supply and demand from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"supply and demand" in American English

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supply and demandnoun [U]

 us   /səˈplɑɪ ən dɪˈmænd/
the ​balance between the ​amount of ​goodsavailable and the ​amount that ​peoplewant to ​buy: Oil ​prices should be set by supply and demand, and not ​artificiallyregulated.
(Definition of supply and demand from the Cambridge Academic Content Dictionary © Cambridge University Press)

"supply and demand" in Business English

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supply and demandnoun [U]

uk   us   (also demand and supply)
ECONOMICS the ​idea that the ​price of ​goods and ​services depends on how much of something is being ​sold and how many ​people want to ​buy it: Following the ​laws of ​supply and ​demand, the ​companyraised the ​price.
(Definition of supply and demand from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “supply and demand”
in Chinese (Simplified) 供应与需求,供求…
in Chinese (Traditional) 供應與需求,供求…
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