A law of markets often summarized as ‘supply creates its own demand’. This view of macroeconomics was based on the idea that production creates factor incomes which bring about a demand for the goods produced elsewhere in the economy The...

In economics, Say’s Law or Say’s Law of Markets is a principle attributed to French businessman and economist Jean-Baptiste Say (1767-1832) stating that there can be no demand without supply. A central element of Say's Law is that recession does not...