Definitions (3)

1.Commerce: A claim for a sum of money as due, necessary, or required.
2.Economics: (1) Desire for certain good or service supported by the capacity to purchase it. (2) The aggregate quantity of a product or service estimated to be bought at a particular price. (3) The total amount of funds which individuals or organizations want to commit for spending on goods or services over a specific period. See also law of supply and demand.
3.Law: An assertion of a legal right, such as to seek a compensation or relief.

Use demand in a sentence

  • The company increased its production of the new sneaker after a recent advertising campaign made the demand for the product soar.

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  • The constant demand for fossil fuels for automobiles and energy, combined with scarcity, keeps the prices high and the supply low.

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  • The demand for horseshoes greatly increased due to the proliferation of roads; formerly, horses had run unshod over grass and dirt without problem, but their hooves could not withstand constant collisions with cobblestones.

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Notable Quotes

  • A Retrospective Look at Demand for World Computers
    "I think there is a world market for about five computers. (Stated by the Chairman of IBM in 1943)"
    - Thomas Watson

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