Define Demand (economics). Demand (economics) synonyms, Demand (economics) pronunciation, Demand (economics) translation, English dictionary definition of Demand (economics). Supply and demand. Translations. Spanish / Español: oferta y demanda.
What is Demand in Economics In economics, demand refers to the willingness and ability of a consumer to buy goods and services at a specific price. Economists use the term demand to indicate that consumers need particular goods or services and are willing to buy them at the price they are ...
Derived demand, in economics, is the demand for a good or service that results from the demand for a different, or related, good or service. It is a demand for some physical or intangible thing where amarketexists for both related goods and services in question. Derived demand can have a...
Related to Demand (economics): Demand curveSupply and Demand The availability of goods and services in the market and the desire of consumers to buy them. Supply and demand is a major factor (some economists believe the only factor) in determining the price of a good or service. See also:...
Understanding Demand Theory Demandis simply the quantity of a good or service that consumers are willing and able to buy at a given price in a given time period. People demand goods and services in an economy to satisfy their wants, such as food, healthcare, clothing, entertainment, shelter...
Home›Economics›Macroeconomics›What is Demand? Definition:Demand is an economic term that refers to the amount of products or services that consumers wish to purchase at any given price level. The mere desire of a consumer for a product is not demand. Demand includes the purchasing power...
What is demand? What is the law of demand? Learn the definition of demand in economics and the basic principle of demand. Updated: 11/21/2023 Table of Contents What is Demand? Exemptions of the Law of Demand Lesson Summary Frequently Asked Questions What do you mean by law of demand...
Yes,demandis in the scrabble dictionary ...and is worth12points by itself. find more words you can make below Demand Definition noun Anurgentrequirementorneed: theheavydemandsof herjob; theemotionaldemandsof hismarriage; anincreasedoxygendemand. ...
Derived demand is a term in economics that describes the demand for a certain good or service resulting from a demand for related, necessary goods or services. For example, the demand for large-screen televisions creates a derived demand for home theater products such as audio speakers, amplifier...
to make a demand; inquire; ask. noun the act of demanding. something that is demanded. an urgent or pressing requirement: demands upon one's time. Economics. the desire to purchase, coupled with the power to do so. the quantity of goods that buyers will take at a particular price. ...