The law of supply and demand is a fundamental concept of economics and a theory popularized by Adam Smith in 1776. The principles of supply and demand are effective in predicting market behavior.

Ludwig von Mises was born 144 years ago today. His economic masterpieces are as relevant and powerful today as when they were ...

Reviewed by Charles PottersFact checked by Yarilet PerezReviewed by Charles PottersFact checked by Yarilet Perez Equilibrium quantity is when there is no shortage or surplus of a product in the market ...

This paper provides a decomposition of GDP and its deflator into demand and supply driven components for 12 Asian countries, the US and Europe, following the forecast error-based methodology of ...