What is Say’s law and what does it mean? What will be an ideal respon

What is Say’s law and what does it mean?

What will be an ideal response?

ANSWER

Say’s law is: Supply creates its own demand. It means that a general glut or overproduction is not possible. The very process of producing specific goods is proof that other goods are desired. The income received from selling one’s goods is used to purchase other goods. While some goods may have a surplus, others will have a shortage, and these would be corrected by price changes. There will not be an excess quantity supplied of all goods.