supply meets demand
suh-PLY MEETS deh-MAND
səˈplaɪ miːts dɪˈmændListen
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Dictionary meaning
the condition in a market where the quantity of a good or service that producers are willing to supply at the prevailing price equals the quantity that consumers are willing to purchase, establishing an equilibrium price at which the market clears; when supply meets demand — or more precisely, when markets move toward equilibrium — prices stabilise and resources are allocated without surplus or shortage; the phrase is also used loosely to describe any situation where a need or desire is exactly matched by a corresponding availability, suggesting a natural and satisfying alignment between what is wanted and what exists
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