Economics GCSE
Market clearance
What Market clearance means in Economics GCSE, as defined for AQA.
Definition of Market clearance
Check what you remember
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Reference: AQA
The self-correcting mechanism, where prices settle at the equilibrium point where the supply and demand curves intersect, ensures this.
Topics that use Market clearance
- Equilibrium price (AQA GCSE)
Related terms
- Determinants of supply and demand
- Disequilibrium
- Equilibrium price
- Excess demand
- Excess supply
- Excess supply and demand
- Graphical analysis
- Market equilibrium
Using Market clearance in the exam
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