Supply And Demand Quotes

“In my considered opinion, salary is payment for goods delivered and it must conform to the law of supply and demand. If, therefore, the fixed salary is a violation of this law - as, for instance, when I see two engineers leaving college together and both equally well trained and efficient, and one getting forty thousand while the other only earns two thousand , or when lawyers and hussars, possessing no special qualifications, are appointed directors of banks with huge salaries - I can only conclude that their salaries are not fixed according to the law of supply and demand but simply by personal influence. And this is an abuse important in itself and having a deleterious effect on government service.”
― Leo Tolstoy, Anna Karenina

“Food is a product of supply and demand, so try to figure out where the supplies are fresh, the suppliers are creative, and the demanders are informed.”
― Tyler Cowen, An Economist Gets Lunch: New Rules for Everyday Foodies

“An artist that makes art merely to meet a demand is a slave to what his patrons wants to see, or, hear.”
― Mokokoma Mokhonoana

“A philosopher philosophizes what people need to hear. A motivational speaker speaks what people want to hear.”
― Mokokoma Mokhonoana

“Winter arrived with December, and the world continued to suffer the loss of the Internet and most forms of communication. Supply chains were disrupted. The only mass form of personal communication was the letter, and postal workers were having their worst year ever, as they were actually meeded. Food was becoming scarcer and more expensive, as was fuel for vehicles and heating. Major cities experienced riots on a regular basis, spurred on by religious fervor and want. Civilization was on the brink of collapse.”
― Mark A. Rayner, The Fridgularity

“An angry artist tells people what (he thinks) they need to hear. A hungry artist tells people what (he thinks) they want to hear.”
― Mokokoma Mokhonoana

“By eliminating over-production and long transport routes from the supply chain distribution system, it allows for more responsiveness.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“Or how does it happen that trade, which after all is nothing more than the exchange of products of various individuals and countries, rules the whole world through the relation of supply and demand—a relation which, as an English economist says, hovers over the earth like the fate of the ancients, and with invisible hand allots fortune and misfortune to men, sets up empires and overthrows empires, causes nations to rise and to disappear—while with the abolition of the basis of private property, with the communistic regulation of production (and implicit in this, the destruction of the alien relation between men and what they themselves produce), the power of the relation of supply and demand is dissolved into nothing, and men get exchange, production, the mode of their mutual relation, under their own control again?”
― Karl Marx, The German Ideology / Theses on Feuerbach / Introduction to the Critique of Political Economy

“Build the prisons and they will commit the crimes.”
― Brian Spellman, Cartoonist's Book Camp

“Art is a vital part of life. For as long as artists create vulgar content, and for as long there continues to be a market for it, we are a long way from reducing teenage pregnancies. However, we can apply the law of supply and demand; hoard the goods.”
― DON SANTO

“People tend to buy more at a lower price and less at a higher price. Also, people who produce goods or supply services tend to produce more at higher prices and less at lower prices. This juxtaposition constitutes equilibrium.”
― Hendrith Vanlon Smith Jr, Principles of a Permaculture Economy

“The Americans’ great wealth (and their great love for it) makes it precisely the appropriate metaphor. Supply and Demand as a principle has permeated their minds. As a practice, it stains all the way down to their souls.”
― Geoffrey Wood

“God cares. He will supply all your needs.”
― Lailah Gifty Akita, Think Great: Be Great!

“What most of these doomsday scenarios have gotten wrong is the fundamental idea of economics: people respond to incentives. If the price of a good goes up, people demand less of it, the companies that make it figure out how to make more of it, and everyone tries to figure out how to produce substitutes for it. Add to that the march of technological innovation (like the green revolution, birth control, etc.). The end result: markets figure out how to deal with problems of supply and demand.”
― Steven D. Levitt

“It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply of other commodities more urgently demanded by consumers. The authority may reduce the price of one commodity only by raising the prices of others.”
― Ludwig von Mises, Omnipotent Government

“From the perspective of society as a whole, there is no fixed or objective need aside from those broad categories required for survival. Rarely, if ever, is there a fixed quantity or definite quality demanded. This is why the needs of individuals are best met by other individuals according to supply, demand, and the price mechanism. And this is why most of the needs of individuals cannot be met only by central government.”
― Hendrith Vanlon Smith Jr, Principles of a Permaculture Economy

“Supply shortages are a business opportunity. If your business can efficiently fill the gap and match demand, there's money to earn there.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“When supply can't keep up with demand or demand can't keep up with supply, it's indicative of waste in the form of misallocated capital.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“If you wanna learn about supply and demand, go meditate in a forest.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“Prices are determined by supply and demand.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“Supply the needs first and the wants later, for one can only obtain true peace, love and joy when one supplies the needs first and not the wants.”
― David Benedict Zumbo

“When supply can't keep up with demand, the result is bidding wars. And in bidding wars, there are always winners and there are always losers. There are no mutually beneficial outcomes. So from an economic perspective, this is extremely wasteful.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“Most startups actually start down and only go up if they catch the winds of market demand.”
― Ryan Lilly

“Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible.”
― Harriet Boyd Hawes, Born to Rebel: The Life of Harriet Boyd Hawes

“Under ordinary competitive conditions, any long and serious maladjustment between supply and demand cannot last.”
― George W. Stocking, Cartels in Action: Case Studies in International Business Diplomacy

“If you know what people need you have gotten more knowledge of a fortune than any amount of capital can give you.”
― Russell H. Conwell

“Surely little remained of the Puritan legacy of prudish rectitude, he thought: surely this was now a country of excess, gluttony, lust, and sloth; surely this had grown into a land where obesity reigned and even the poor moved ponderously down the street on big thighs that rubbed fatly together. What had become of the pilgrims' gaunt and stingy oversight? He knew in part it was the visionary genius of enterprising men, but such entrepreneurs were only the tools of a hungry culture. For the descendants of those gray, upright pioneers had cherished cravings for beef patties with ketchup, deep-fried chicken and vats of ice cream, chemically scented and dyed all the colors of the rainbow, and billions upon billions of gallons of soda. Their thirst had never been quite slaked and so they never finished drinking; and this was the market in all its streamlined functionality—which, precisely where the supply and the demand curves crossed, had swiftly produced a nation of paralyzed giants, fallen across their couches much as soldiers on the field of battle, their arteries hard, their softened hearts failing.

The market made a fool of you by giving you what you wanted. But this did not make him resent it; it merely earned his respect. From the day you were born you were called upon to discern what to choose.”
― Lydia Millet, How the Dead Dream

“Only producers constitute a market - only men who trade products and services for products and services. In the role of producers, they represent a market’s supply; in the role of consumers, they represent a market’s demand. The law of supply and demand has an implicit subclause: that it involves the same people in both capacities. When this subclause is forgotten, ignored or evaded - you get the economic situation of today.
The man who consumes without producing is a parasite, whether is a welfare recipient or a rich playboy”
― Ayn Rand, Philosophy: Who Needs It