Definitions (3)
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.
Articles related to 'demand'
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How much power do your buyers have?
Take a lesson from Delphi, the giant auto parts supplier stuck in Chapter 11 despite its $26 billion in annual sales: It's no fun to be in a business where a few big customers can demand price cuts wi ... Read more
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Questions related to 'demand'
- What is the meaning of Elasticity of Demand
- What are specific examples of services (not goods) that exhibit elasticity of demand?
- Which of the following would cause an increase in supply?
- What happens if price falls below the market clearing price and there is no equilibrium?
- Which of the following results from a price floor
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