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By functional demand is meant that part of the demand for a commodity is due to the qualities inherent in the commodity itself.On the contrary, non-functional demand is meant that portion of the demand for a consumers' good is due factors other than the qualities inherent in the commodity.For more details on non-functional demand and external factors that influence non-functional demand see:H. Leibenstein, 'Bandwagon, Snob and Veblen Effects in the theory of Consumer Demand', Quarterly journal of Economics(1950), pp. 183-207
If the purchase or acquisition of an item is meant as an addition to stock, it is new demand. It the purchase of an item is meant for maintaining the old stock of capital/ asset intact, it is replacement demand.
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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.
overproduction caused the wall street crash because in the late 1920s, more goods were being produced than people who could afford to buy them. As a result companies decreased their prices because there was more supply than demand theirfore american industries made huge lossed. When the demand for consumer goods dropped , some workers became nemployed which meant they could no loger afford to by consumer goods.
what is meant by demand ?
Wants are options/alternatives available for satisfying a human need. While hunger is a need, demand for bread and rice are the wants.
By functional demand is meant that part of the demand for a commodity is due to the qualities inherent in the commodity itself.On the contrary, non-functional demand is meant that portion of the demand for a consumers' good is due factors other than the qualities inherent in the commodity.For more details on non-functional demand and external factors that influence non-functional demand see:H. Leibenstein, 'Bandwagon, Snob and Veblen Effects in the theory of Consumer Demand', Quarterly journal of Economics(1950), pp. 183-207
demand
demand
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Self evidently, protect the consumer
The business provides what the consumer wants or needs.
If the purchase or acquisition of an item is meant as an addition to stock, it is new demand. It the purchase of an item is meant for maintaining the old stock of capital/ asset intact, it is replacement demand.
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Error of Principle occurs when one or both of the entries are posted to the wrong class or category of accounts.
Homeowner‰Ûªs insurance leads is a lead which helps agents find customers who had just bought a new home. Homeowner‰Ûªs insurance leads use the principle of giving a consumer what they already want.