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When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
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∙ 10y ago
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Why do people demand money?
to buy goods and services
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
What is foreign demand?
It is the foreign demand for domestic goods and services.
What is meant by derived demand and how does this demand characteristic impact freight demand?
Derived demand is the demand to transport goods or services to location depend on demand to consume a goods or services to location. Freight of product is derived from the customer demand of product.
Why do people demand money?
to buy goods and services
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
What are people buying now the most or what goods or services have the most demand at the moment?
electronics
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
What is foreign demand?
It is the foreign demand for domestic goods and services.
What is secondary demand?
It is the demand for specific goods/services of a firm. Due to differentiation of goods in the industry.
What is meant by derived demand and how does this demand characteristic impact freight demand?
Derived demand is the demand to transport goods or services to location depend on demand to consume a goods or services to location. Freight of product is derived from the customer demand of product.
What is aggregate demand'?
the total demand for final goods and services in the economy
What is the demand for all goods and services within a country?
Aggregate Demand
What generates a demand for goods and services?
PRICE
What is the aggregate demand?
the total demand for all final goods and services in the economy
What defines aggregate demand?
the total demand for final goods and services in the economy
