Synopses & Reviews
Synopsis
Excerpt from Pisciculture: An Address on the Artificial Breeding of Fish, Their Habits, Etc;, Delivered Before the Detroit Scientific Association
In other words supply is the independent varia ble, and demand the dependent one.
Under a civilized condition of life, on the other hand, supply is regulated by demand, rather than demand by supply.
The wants of mankind, instead of the means of supplying want, constitute the independent quantity. The supply is constantly being compared with the demand as a standard.
If supply is found to be below necessary de mands the former must needs be increased since the latter cannot be diminished.
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