Supply and Demand
/ˈsʌplɪ ænd dɪˈmænd/
Definitions
- (n.) An economic principle describing the relationship between the availability of goods and services and the desire for them, influencing prices and legal contracts.
The contract's terms were influenced by the fluctuating supply and demand in the market.
Forms
- supply and demand
Related terms
See also
Commentary
In legal contexts, understanding supply and demand aids in interpreting contract terms and antitrust regulations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.