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Supply and demand
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History of the concept of supply and demand
History of the concept of supply and demand
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amorze
4/3/09
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Early Muslin economists, including Ibn Taymiyyah, understood supply and demand. The first modern use of the term was by James Denham-Steuart in 1767.
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bonnieginter
4/3/09
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Adam Smith used the phrase in his seminal work, The Wealth of Nations.
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zapster
4/3/09
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Marginalism emerged in the late nineteenth century.
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