Alyrium Denryle wrote:Supply in the economic sense does not mean a product on a shelf. it means the act of producing a good or service and subsequently selling it.
What about stuff that gets produced but not sold? It just disappears?
Can you demand something that does not exist? Walk up to a phamacy and demand a cure for cancer. You will be laughed at. You WANT a cure for cancer. to be ABLE to pay for something, it must exist for you to be able to pay for it.
There can be demand for a
concept even if there is as yet no good or service that can fill the niche. In the early 1980's there was demand for something like crack cocaine--that's why it was developed and why it became an instant success.
That is what Says Law actually means. It means that in order for you to be able to demand(in the economic sense) you just have something to trade for it.
Your definition of this law keeps changing.
Your reasons for demanding something come from, as Thirdfain said, your own personal choice. If you dont want something, you wont demand it.
However, if you have supplied something to someone else and they paid you for it, you ARE going to demand SOMETHING. However, if you have not, you are not in the position to demand anything.
Thus Supply(your production of a good or service that gets traded for money) creates its own demand(if you have successfully supplied something, you will demand Something with the money you made)
I cant make it any clear without going back to my old economics class and cracking open a book.
You've finally made it clear, and it's fairly indisputable. Unfortunately it doesn't support your position that lower taxes will always make an economy stronger. To a certain point, yes, lower taxes accelerate growth. But beyond that point the commensurate reduction in government services will retard economic growth.