What is the Law of Supply?

What the law of supply is better known as the law of supply and demand. This early economic principle states that manufacturers will supply according to demand. For example, consumers demand gloves when the weather is cold. Producers naturally respond to this demand by manufacturing more gloves. Demand for gloves subsides in the summer, and producers respond by drastically reducing the manufacture of gloves. Many people have criticized the law of supply and demand for failing to address the needs of the poor. These people worry about those in society who might, say, need gloves in the winter but have no money. Laissez faire economics which lets the law of supply and demand operate fails to provide for the needs of the poor. Laissez faire economics sees only producers and consumers, and does not see human beings.