AP Psychology

study guides for every class

that actually explain what's on your next test

Classical economics

from class:

AP Psychology

Definition

refers to a school of economic thought that emphasizes the idea that markets are self-regulating and tend towards equilibrium through the interactions of supply and demand.

© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.