the theory that prices are determined by the interaction of supply and demand: an increase in supply will lower prices if not accompanied by increased demand, and an increase in demand will raise prices unless accompanied by increased supply
noun 1. a system or mode of action in which the strongest survive, presumably as animals in nature or as human beings whose activity is not regulated by the laws or ethics of civilization. noun 1. a state of ruthless competition or self-interest Survival of the strongest, as in The recent price war among airlines […]
noun 1. unalterable law.
noun, Mathematics. 1. . noun, Mathematics. 1. the property that for natural numbers a and b , either a is less than b , a equals b , or a is greater than b .
noun 1. Physics. . noun, Physics. 1. a law stating that any two masses attract each other with a force equal to a constant (constant of gravitation) multiplied by the product of the two masses and divided by the square of the distance between them. law of gravitation See Newton’s law of gravitation. law of […]