411 REFERENCE · Wiktionary
Say's law
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Etymology
After Jean-Baptiste Say (1767-1832), a French economist and businessman.
Pronunciation
en /ˈseɪz ˈlɔː/
Proper noun
en economics A principle whereby those who produce anything must be paid sufficiently to buy the products they make, whether it be in a local economy or the world economy.
en In accordance with Say's law, if only Mexican wages are paid for products, then these products must eventually and inescapably be sold at Mexican prices, not American prices.
Anagrams
en aalsswy Salways
en eponyms