McqMate
| Q. |
Who propounded the 'market law? |
| A. | Adam Smith |
| B. | J.B. Say |
| C. | T.R. Malthus |
| D. | David Recardo |
| Answer» B. J.B. Say | |
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Explanation: Say's law, or the law of market, is an economic principle of classical economics named after the French businessman and economist Jean-Baptiste Say (1767-1832), who stated that "products are paid for with products" and "a glut can take place only when there are too many means of production applied to one kind of product and not enough to another. |
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