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supply and demand

(Encyclopedia)supply and demand, in classical economics, factors that are said to determine price, by correlating the amount of a given commodity producers hope to sell at a certain price (supply), and the amount o...

water supply

(Encyclopedia)water supply, process or activity by which water is provided for some use, e.g., to a home, factory, or business. The term may also refer to the supply of water provided in this way. In the United Sta...

supply-side economics

(Encyclopedia)supply-side economics, economic theory that concentrates on influencing the supply of labor and goods as a path to economic health, rather than approaching the issue through such macroeconomic concern...

reservoir

(Encyclopedia)reservoir rĕzˈəvôr, –vwär [key], storage tank or wholly or partly artificial lake for storing water. Building an embankment or dam to preserve a supply of water for irrigation is an ancient pra...

Debreu, Gerard

(Encyclopedia)Debreu, Gerard dəbro͞oˈ [key], 1921–2005, French-American economist, b. Calais, France. He studied mathematics in France before coming to the United States in 1950, where he worked with the Chica...

foreign exchange

(Encyclopedia)foreign exchange, methods and instruments used to adjust the payment of debts between two nations that employ different currency systems. A nation's balance of payments has an important effect on the ...

Say, Jean Baptiste

(Encyclopedia)Say, Jean Baptiste zhäN bätēstˈ sā [key], 1767–1832, French economist. In A Treatise on Political Economy (1803, tr. from the 4th ed. 1821) he effectively reorganized and popularized the theori...

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