The French economist Jean-Baptiste Say transformed the equality of total output and total spending into a law that can be expressed as follows:

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Jean-Baptiste Say's law states that supply creates its own demand, which means that the production of goods and services generates enough income to create an equivalent amount of demand for those goods and services. This law is often associated with the idea that there can never be a general overproduction or shortage of goods in an economy in the long run.

The French Economist Jean-Baptiste Say Transformed the Equality of Total