Definition of supply and demand in English:

supply and demand

  • The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price: by the law of supply and demand the cost of health care will plummet
    More example sentences
    • The main task of the ECSC was to stabilize prices and coordinate supply and demand in the coal and steel market.
    • Others argue that in our economy, products find a price point by supply and demand.
    • The price system is that which balances supply and demand for scarce goods.
See parent entry: supply

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Pronunciation: kərf
noun
a slit made by cutting with a saw