Discover how competitive equilibrium balances supply and demand in markets, maximizing economic efficiency for profit-driven producers and value-seeking consumers.

First SeenFirst seen: The term supply and demand was first seen in Sir James Steuart's 1796 treatise An Inquiry Into the Principles of Political Economy. When figuring out your monthly budget, ...

Conventional thinking is that, absent a black swan event like COVID-19, aviation’s demand-supply imbalance will take years to correct itself. Many also foresee the industry reaching a rough ...

From their control center at the Ross Complex in Vancouver, Bonneville Power Administration dispatchers manage the region’s electricity supply and demand in real time. It’s a delicate balance, ...