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:
“But the nomads were the terror of all those whom the soil or the advantages of the market had induced to build towns. Agriculture therefore was a religious injunction, because of the perils of the state from nomadism.”
—Ralph Waldo Emerson (1803–1882)
“[Panurge] spent everything in a thousand little banquets and joyous feasts open to all comers, particularly jolly companions, young lasses, and delightful wenches, and in clearing his lands, burning the big logs to sell the ashes, taking money in advance, buying dear, selling cheap, and eating his wheat in the blade.”
—François Rabelais (1494–1553)