J. B. Say’s Law of Market was not accepted by

  1. Marshall
  2. David Richardo
  3. Adam Smith
  4.  Malthus
Anurag Mishra Professor Asked on 15th November 2015 in Economics.
Add Comment
1 Answer(s)


James Mill and David Ricardo supported the law. Thomas Malthus and John Stuart Mill questioned the doctrine that general gluts cannot occur. 

According to Say’s Law, when an Individual produces a product or service then that individual gets paid for his work, and is then able to use that pay to demand other goods and service.

Monis Rasool Professor Answered on 15th November 2015.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.