What is another word for law of supply and demand?
Pronunciation: [lˈɔː ɒv səplˈa͡ɪ and dɪmˈand] (IPA) 
The "law of supply and demand" is a key concept in economics, which explains how the price and quantity of goods are determined in a free market. There are several synonyms for this term, including market forces, market equilibrium, supply and demand dynamics, and pricing mechanism. These terms all refer to the same basic idea that the price of goods will fluctuate based on how available or scarce they are, and how much people are willing to pay for them. The law of supply and demand is central to understanding how markets function, and is a fundamental principle that guides decision-making in economics and business.
