Multiple choice

Who made the statement; “Supply creates its own demands”?

  1. Adam Smith

  2. Marshall

  3. J.B. Say

  4. Kennedy
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Jean-Baptiste Say, a French economist, formulated the famous principle 'Supply creates its own demand' known as Say's Law. This classical economic theory states that the act of producing goods generates income equivalent to the value of the production, thereby creating demand for other goods in the economy.

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