effective demand

Definition 1

Quantity of a good or service that consumers are actually buying at the current market price.

Definition 2

Aggregate actual demand in an economy supported by the consumers' capacity to pay, as opposed to the notional demand. Effective demand excludes the latent demand.


effective demand is...

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z