Market clearing
id:
market-clearing-188-17950167
title:
Market clearing
text:
In economics, market clearing is the process by which, in an economic market, the supply of whatever is traded is equated to the demand so that there is no excess supply or demand, ensuring that there is neither a surplus nor a shortage. The new classical economics assumes that in any given market, assuming that all buyers and sellers have access to information and that there is no "friction" impeding price changes, prices constantly adjust up or down to ensure market clearing.
brand slug:
wiki
category slug:
encyclopedia
description:
Matching of supply and demand via price movement
original url:
https://en.wikipedia.org/wiki/Market_clearing
date created:
2004-07-13T00:13:11Z
date modified:
2024-09-09T02:29:26Z
main entity:
{"identifier":"Q1713661","url":"https://www.wikidata.org/entity/Q1713661"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/2/2f/Sales_Poznan_2011.jpg","width":2592,"height":1944}
fields total:
13
integrity:
16