Say’s Law

[from WIkipedia: http://en.wikipedia.org/wiki/Say%27s_Law] Say’s law, or the law of market, is an economic principle of classical economics named after the French businessman and economist Jean-Baptiste Say (1767–1832), who stated that “products are paid for with products”[1] and “a glut can take place only when there are too many means of production applied to one kind of product and not enough to another” … Continue reading