Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied.

Original Article: <a href="https://mises.org/wire/why-must-supply-precede-demand-understanding-economic-foundations" target="_blank">Why Must Supply Precede Demand? Understanding Economic Foundations</a>

Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied. Original Article: Why Must Supply Precede Demand? Understanding Economic Foundations{ai:summary}<p>Consumer spending is often seen as key to the economy, but supply must come before demand. #economy</p>

Why Must Supply Precede Demand? Understanding Economic Foundations

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