Demand
In economics, demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. Demand refers to how much (quantity) 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. (see also supply and demand). The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time.
Read more about Demand.
Famous quotes containing the word demand:
“Productive collaborations between family and school, therefore, will demand that parents and teachers recognize the critical importance of each other’s participation in the life of the child. This mutuality of knowledge, understanding, and empathy comes not only with a recognition of the child as the central purpose for the collaboration but also with a recognition of the need to maintain roles and relationships with children that are comprehensive, dynamic, and differentiated.”
—Sara Lawrence Lightfoot (20th century)
“To be sure, a good work of art can and will have moral consequences, but to demand of the artists moral intentions, means ruining their craft.”
—Johann Wolfgang Von Goethe (1749–1832)
“You are right to demand that an artist engage his work consciously, but you confuse two different things: solving the problem and correctly posing the question.”
—Anton Pavlovich Chekhov (1860–1904)