First SeenFirst seen: The term supply and demand was first seen in Sir James Steuart's 1796 treatise An Inquiry Into the Principles of Political Economy. When figuring out your monthly budget, ...
‘Supply and demand’ definition: the relationship between the quantity of a commodity producers wish to sell at various prices and the quantity that consumers wish to buy.
When most people hear the words “supply chain,” they’re likely to think of the wide variety of product shortages that became especially problematic during the height of the COVID-19 pandemic.
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