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Demand is the desire to buy the product or services and the ability to for it?
pay
What concept did Alfred Marshall borrow from the marginalists?
In his development of economic theory, Alfred Marshall included the concept of demand, the aggregate effect of consumers who desire products or services.
What are the requirements for demand to exist?
For demand to exist, three key requirements must be met: desire, willingness, and ability. Consumers must have a desire for a good or service, be willing to purchase it at a given price, and possess the financial means to do so. Additionally, the good or service must be available in the market for consumers to buy. Together, these factors create the conditions necessary for demand to manifest.
What is the desire to own something and the ability to pay for it?
The desire to own something and the ability to pay for it is defined as "demand." Similar words to desire include "necessity", "requirement", and "pursuit."
Which best explains the profit motive?
The desire to make money through the production of goods and services.
What does credit monitoring services do?
Credit monitoring services are great way for a consumers, who have no time, ability or desire, to watch after his credit history after a suspicious activity. The services are available for a fee.
Demand is the desire to buy the product or services and the ability to for it?
pay
What does to what end means?
Ends refers to the goods and services required or needed by consumers in order to satisfy their desire or wants
What does ends to a means mean?
Ends refers to the goods and services required or needed by consumers in order to satisfy their desire or wants
What did marshal borrow from the marginalist?
In his development of economic theory, Alfred Marshall included the concept of demand, the aggregate effect of consumers who desire products or services.
How much do you tip your cleaning person for the holidays?
15% is usual for services, but depends on quality of service, and your desire and ability to pay.
What concept did Marshal borrow from the marginalists?
In his development of economic theory, Alfred Marshall included the concept of demand, the aggregate effect of consumers who desire products or services.
How do producer and consumer depend on each other?
Producers rely on consumers to purchase their goods or services in order to generate revenue and sustain their business. Conversely, consumers depend on producers to provide them with the products or services they need or desire. This interdependence forms the foundation of a healthy economy.
What concept did Alfred Marshall borrow from the marginalists?
In his development of economic theory, Alfred Marshall included the concept of demand, the aggregate effect of consumers who desire products or services.
What are the requirements for demand to exist?
For demand to exist, three key requirements must be met: desire, willingness, and ability. Consumers must have a desire for a good or service, be willing to purchase it at a given price, and possess the financial means to do so. Additionally, the good or service must be available in the market for consumers to buy. Together, these factors create the conditions necessary for demand to manifest.
Effects of advertising on consumers choice?
Advertising affects consumers choice. The advertising creates a feel or desire in consumers to sway their opinion toward the product.
What is the desire to own something and the ability to pay for it?
The desire to own something and the ability to pay for it is defined as "demand." Similar words to desire include "necessity", "requirement", and "pursuit."
