<< Chapter < Page | Chapter >> Page > |
Card 7 / 12:
Describe the mechanism by which supply creates its own demand.
In order to supply goods, suppliers must employ workers, whose incomes increase as a result of their labor. They use this additional income to demand goods of an equivalent value to those they supply.
Previous Card | ← Previous Card Button |
Next Card | → Next Card Button |
Flip Card | ↑ / ↓ / Return / Space |
Notification Switch
Would you like to follow the 'University of houston downtown: macroeconomics' conversation and receive update notifications?