ABSTRACT

The law of supply and demand states that the value of a thing increases all the more as demand over-takes supply. So much so that a thing may gain value by the sole fact of being very much in demand. This is a universal law. In science, for example, there are fields like the social sciences where the demand for knowledge is far greater than the supply. So much so that the smallest supply of knowledge acquires immense value by the simple fact that it is in demand. Thus, for instance, the law of supply and demand . . .