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Is Say's Law a macroeconomic or microeconomic concept?

Economics

Is Say's Law a macroeconomic or microeconomic concept?

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  • Is Say's Law a macroeconomic concept.

Say's law is a classical economic theory which states that the supply creates its own demand. That is, the production leads to a source of demand. This is generally applicable to the economy as a whole and hence is a MACROECONOMIC concept.