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 of the consumer to acquire a given product at a...
On this page, you'll find the legal definition and meaning of Demand, written in plain English, along with examples of how it is used. What is Demand? 1\) v. To claim a requirement or entitlement. For example: to demand performance or payment under a contract. In lawsuits for performan...
Definition:Demand-pull inflation is an increase in price of goods or services as a result of the aggregate demand for these goods or services being greater than the aggregate supply thus eroding the purchasing power of the currency. In this sense, the economic demand is pulling the purchasing ...
Definition:The total quantity that all the individuals are willing to and are able to buy at a given price, other things remaining the same is called asMarket Demand.In other words, Market Demand refers to thesum of individual demandsfor a product at a given price per unit of time. What ...
Demand in Economics | Definition & Examples from Chapter 7/ Lesson 11 175K Learn about the demand curve and how the law of demand works with examples. See the demand definition, diagrams, and explanations. Related to this Question What is demand and supply in economics?
Demand for labour refers to the number of workers that employers are willing and able to hire at a given wage rate and within a certain period.
Demand planning is the process of analyzing, evaluating and projecting the future requirements of customers within an IT environment. Demand planning deals with the overall use of IT infrastructure and resources by customers or external users and aims to predict future demand accordingly. Advertisements...
such asgasoline. The level of derived demand for a certain raw material is directly related to and dependent on the level of demand for the final good to be produced. For example, when the demand for new homes is high, the demand for harvested lumber will be high. Raw materials, like ...
The primary role of demand forecasting is to make sure you meet customer demand, but it does so much more than that—it helps you allocate resources wisely, assess your business's resilience and devise strategic approaches to grab a bigger slice of the market. ...
Discover the definition of Demand-side platform (DSP) as well as many other definitions and acronyms in our glossary devoted to the digital domain.