SUPPLY AND DEMAND
supply and demand: translation
supply and demandsupˌply and deˈmandnoun[uncountable]
ECONOMICSthe relationship between the amount of products and services that are for sale and the amount that people want to buy, especially in the way this affects prices:
• the widening gap between supply and demand
• Thelaws of supply and demandclearly contribute to higher prices.
— comparedemand and supply* * *
supply and demandUKUSnoun[U] (alsodemand and supply)
►ECONOMICSthe idea that the price of goods and services depends on how much of something is being sold and how many people want to buy it:»
Following the laws of supply and demand, the company raised the price.
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