Meaning And Definition Of Demand

Demand definition to ask for with proper authority.

Meaning and definition of demand. Aggregate demand is the total amount of goods and services demanded in the economy at a given overall price level at a given time. Synonym discussion of demand. De mand ed de mand ing de mands v.

To ask for urgently or peremptorily. In economics demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. Demand an investigation into the murder.

Claim as a right. Demand is one of the main building blocks of an economy. Demand elasticity means how much more or less demand changes when the price does.

How to use demand in a sentence. 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. The relationship between price and quantity demanded is also called the demand curve demand for a specific item is a function of an item s perceived necessity price perceived quality convenience.

The definition of demand is the desire of consumers to purchase goods and services and their willingness to pay the asked price to be able to buy them. It s specifically measured as a ratio. Demand includes the purchasing power of the consumer to acquire a given product at a given period.

Similarly an inelastic demand implies that volume does not change much even when there is a change in price. He demanded payment of the debt. Browse more topics under theory of demand.