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Effective Demand is "the demand in which the consumer are able and willing to purchase at conceivable price"
simply saying if the product price is low more will buy if the rates went high the quantity of the demand goes down
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∙ 13y ago
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Difference between potential demand from effective demand?
effective demand is the willingness and desire to have a commodity backed by purchasing power whereas potential demand is the willingness and desire to have a commodity not backed by purchasing power
What it the amount of good or service that a consumer is willing to buy?
The term for that definition is effective demand
What makes increased government spending an effective tool for increasing demand?
By increasing government spending, you increase the demand for certain products because the government is looking to buy those products. The government can act as a consumer, and when a consumer spends more, the demand for goods and services is increased.
What is the amount of a good or service that a consumer is willing to buy called?
The term for that definition is effective demand
Discuss whether the price mechanism is an effective way to solve the basic economic problem?
Price mechanism is an effective way to solve the basic economic problem. The price of a product is what will determine the demand and this will influence the production output which directly affects the economy.
Difference between potential demand from effective demand?
effective demand is the willingness and desire to have a commodity backed by purchasing power whereas potential demand is the willingness and desire to have a commodity not backed by purchasing power
What it the amount of good or service that a consumer is willing to buy?
The term for that definition is effective demand
What is the amount of a good or service that a consumer is willing to buy is?
The term for that definition is effective demand
What is the effect of advertisement on sales of laptops?
the effective sale is promotion, it depend on offers and the customer demand.
What has the author S H Coontz written?
S. H. Coontz has written: 'Productive labour and effective demand'
Are only expensive medicines effective?
Not necessarily. The expensive medications are usually those that are new and are not available in a generic, or demand outstrips production. Many older medications are still considered effective.
Does owners of a company prevent effective management?
Owners of a company or shareholders prevent effective management because they really dictate for the dirctors in the company and mostly demand for more income no matter the situation.
What makes increased government spending an effective tool for increasing demand?
By increasing government spending, you increase the demand for certain products because the government is looking to buy those products. The government can act as a consumer, and when a consumer spends more, the demand for goods and services is increased.
How do you reduce kva demand?
If you are being billed for kVA or a percentage of kVA as opposed to kW then installing power factor correction equipment will reduce the kVA demand. To determine if this is cost effective is the challenge which I specialize in. Email me at mark@epowerfactor.com
What is the amount of a good or service that a consumer is willing to buy called?
The term for that definition is effective demand
Why the demand for mica has decreased?
In recent years, substitutes like plastics and synthetic material which are more effective and cheaper than mica have been found
Outline your workplaac's procedures relating to effectively using aseptic techniques?
The workplace procedures relating to effective use of aseptic techniques demand proper disinfection.
