Definition of “supply and demand” - English Dictionary

british dictionary

“supply and demand” in British English

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supply and demand

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

(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 goods available and the amount that people want to buy:

Oil prices should be set by supply and demand, and not artificially regulated.

(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 company raised the price.

(Definition of “supply and demand” from the Cambridge Business English Dictionary © Cambridge University Press)

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