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It certainly is! It is the supply and demand concept. A manufacture buys raw materials to produce finished items customers will buy. The raw materials cost money to buy, they cost money to store in a warehouse, they will, hopefully, be turned into finished goods, again costing money (wages, utilities, overheads, etc). Again, they need to be stored until shipped out. Then comes the slow return from customers, (especially big companies) on 30, 90, or more days credit! But if the demand is not there from customers, or the return of money from customers is too slow - the result is a cash flow problem. The ideal concept is to match supply and demand to keep the company afloat, and the money flowing round smoothly.
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How does law of demand affect the law of quantity?
It's a pretty basic concept learned in school. As more people demand a product, the availability of the product decreases. Therefore, causing the price of the product to increase with the demand.
Which concept is an application of natural law to the government's role in the economic lives of its citizens?
Free market based on supply Android demand
What is derivation of law of demand?
Law of demand is the higher the price the lower of goods demand for
Demand is a flow concept justify?
Demand is a flow concept because our willingness and ability to buy is subjected to a timeperiod. At different times, we may have different demand schedules.
What is the concept of economy?
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
How does law of demand affect the law of quantity?
It's a pretty basic concept learned in school. As more people demand a product, the availability of the product decreases. Therefore, causing the price of the product to increase with the demand.
Which concept is an application of natural law to the government's role in the economic lives of its citizens?
Free market based on supply Android demand
What is demand and law of demand?
The law of demand is that when you demand something you MUST say please and thank you, it's the law.
How many days a demand draft issued in SBI is valid?
Normally a Bank Demand Draft is valid for 6 months from the date of issue.
Is the law demand a valid concept?
It certainly is! It is the supply and demand concept. A manufacture buys raw materials to produce finished items customers will buy. The raw materials cost money to buy, they cost money to store in a warehouse, they will, hopefully, be turned into finished goods, again costing money (wages, utilities, overheads, etc). Again, they need to be stored until shipped out. Then comes the slow return from customers, (especially big companies) on 30, 90, or more days credit! But if the demand is not there from customers, or the return of money from customers is too slow - the result is a cash flow problem. The ideal concept is to match supply and demand to keep the company afloat, and the money flowing round smoothly.
What is derivation of law of demand?
Law of demand is the higher the price the lower of goods demand for
Demand is a flow concept justify?
Demand is a flow concept because our willingness and ability to buy is subjected to a timeperiod. At different times, we may have different demand schedules.
Law of demand and supply?
Consumers is the law of supply and demand.
Why does the law of demand hold?
why does the4 law of demand holds
What is the concept of economy?
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
When was The Concept of Law created?
The Concept of Law was created in 1961.
Example of law of demand?
marketing is a great example of law of demand
