In economics, market clearing refers to either
- a simplifying assumption made by the new classical school that markets always go to where the quantity supplied equals the quantity demanded; or
- the process of getting there via price adjustment.
Read more about Market Clearing: On Market Clearing
Famous quotes containing the words market and/or clearing:
“Writing ought either to be the manufacture of stories for which there is a market demand—a business as safe and commendable as making soap or breakfast foods—or it should be an art, which is always a search for something for which there is no market demand, something new and untried, where the values are intrinsic and have nothing to do with standardized values.”
—Willa Cather (1876–1947)
“Though the words Canada East on the map stretch over many rivers and lakes and unexplored wildernesses, the actual Canada, which might be the colored portion of the map, is but a little clearing on the banks of the river, which one of those syllables would more than cover.”
—Henry David Thoreau (1817–1862)