Classical economics is often associated with Say's law, the doctrine that "supply creates its own demand."

Question

Quizplus · Accepted Answer

Classical economics, particularly the work of Jean-Baptiste Say, is indeed associated with the idea that supply creates its own demand. This means that the production of goods and services will invariably generate income and purchasing power, leading to a matching level of demand in the economy.

Classical Economics Is Often Associated with Say's Law, the Doctrine