DEMAND

Demand

In economics, demand is an economic concept that describes a buyer's desire, willingness and ability to pay a price for a specific quantity of a good or service. Demand refers to how much of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. . The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time.

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demand

Noun

  1. The desire to purchase goods and services.
  2. The amount of a good or service that consumers are willing to buy at a particular price.
  3. A need.
  4. A claim for something.
  5. A requirement.
  6. An urgent request.
  7. An order.
  8. (electric) The measure of the maximum power load of a utility's customer over a short period of time; the power load integrated over a specified time interval.

Verb

  1. To request forcefully.
  2. To claim a right to something.
  3. To ask forcefully for information.
  4. To require of someone.
  5. To issue a summons to court.


The above text is a snippet from Wiktionary: demand
and as such is available under the Creative Commons Attribution/Share-Alike License.

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