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.
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Famous quotes containing the word demand:
“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)
“The pound of flesh which I demand of him
Is dearly bought as mine, and I will have it.”
—William Shakespeare (1564–1616)
“The demand for equal rights in every vocation of life is just and fair; but, after all, the most vital right is the right to love and be loved.”
—Emma Goldman (1869–1940)