demand 2
noundomain: natural proc.
Princeton WordNet [ver.3.1]
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EnglishDefinition
the ability and desire to purchase goods and services
Examples
- 1.the demand exceeded the supply
- 2.the automobile reduced the demand for buggywhips
Hypernym
any process affecting the production and development and management of material wealth
EnglishAntonym
supply 2
noun
offering goods and services for sale
Hyponym
consumption 3
noun
(economics) the utilization of economic goods to satisfy needs or in manufacturing
In macroeconomics, the total demand for final goods and services in the economy at a given time and price level.
in economics, the cross elasticity of demand measures the responsiveness of the demand for a good to a change in the price of another good.
a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price.
a market situation in which there is a constant demand for a good regardless of the movement of its price.
