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Concept information

economy > supply and demand > demand

Preferred term

demand  

Definition

  • The desire, ability and willingness of an individual to purchase a good or service. The consumer must have the funds or the ability to obtain funds in order to convert the desire into demand. The demand of a buyer for a certain good is a schedule of the quantities of that good which the individual would buy at possible alternative prices at a given moment in time.

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URI

http://www.eionet.europa.eu/gemet/concept/2053

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