Defination of Say's Law of Market

 Say's Law of Market 

Say's law of market is the core of the classical theory of employment. An early 19th century French economist J.B Say,  enunciated the proposition that " supply create its own demand "  therefore there cannot be general overproduction and the problem of employment in the economy.

On the other hand, if there is general overproduction in the economy, then some labours may be asked to leave their jobs their may be the problem of unemployment in the economy for sometime . In the long run the economy will automatically tend toward full employment.

In Say's words " It is production which create markets for goods of product is no sooner created then it, from that instand, Affords a market for other products to the full extend of its own value. Nothing is more favourable to the demand of one product, then supply of another.