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.The above text is a snippet from Wikipedia: Demand
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demand
Noun
- The desire to purchase goods and services.
- The amount of a good or service that consumers are willing to buy at a particular price.
- A need.
- A claim for something.
- A requirement.
- An urgent request.
- An order.
- (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
- To request forcefully.
- To claim a right to something.
- To ask forcefully for information.
- To require of someone.
- 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.