Tuesday , December 5 2023
Home / SNB & CHF / Why Must Supply Precede Demand? Understanding Economic Foundations

Why Must Supply Precede Demand? Understanding Economic Foundations

Summary:
Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied. Original Article: Why Must Supply Precede Demand? Understanding Economic Foundations [embedded content] Tags: Featured,newsletter

Topics:
Frank Shostak considers the following as important: , ,

This could be interesting, too:

Martin Hartmann writes Läuft bei uns.

Marc Chandler writes Canadian Dollar Plays A Little Catch-Up, Rises to best Level in Nearly Seven Weeks

Cláudia Ascensão Nunes writes The “Climate Emergency”: Fueled by 21st Century Marxism

Jeremy Powell writes After Ukraine, Realpolitik Will Be the New Interventionist Status Quo

Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied.

Original Article: Why Must Supply Precede Demand? Understanding Economic Foundations


Tags: ,
Frank Shostak
Frank Shostak is an Associated Scholar of the Mises Institute. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies. He received his bachelor's degree from Hebrew University, master's degree from Witwatersrand University and PhD from Rands Afrikaanse University, and has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.

Leave a Reply

Your email address will not be published. Required fields are marked *