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Walras' law Line breaks: Wal¦ras' law
Pronunciation: /ˈvalrɑːs/

Definition of Walras' law in English:

noun

Economics
A law stating that the total value of goods and money supplied equals that of goods and money demanded.

Origin

1940s: named after M. E. Léon Walras (1834–1910), French economist.

Definition of Walras' law in:

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