Market Clearing

In economics, market clearing refers to either

  1. a simplifying assumption made by the new classical school that markets always go to where the quantity supplied equals the quantity demanded; or
  2. 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:

    “Forbede us thing, and that desiren we;
    Preesse on us faste, and thanne wol we flee.
    With daunger oute we al oure chaffare:
    Greet prees at market maketh dere ware,
    And too greet chepe is holden at litel pris.”
    —Geoffrey Chaucer (1340?–1400)

    “He had a whole heaven and horizon to himself, and the sun seemed to be journeying over his clearing only the livelong day.”
    —Henry David Thoreau (1817–1862)