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What is the impact of technology to demand for goods and services?
Wiki User
∙ 13y ago
The impact of demand for goods by technology actually lies within how it affects supply. Technology generally lowers the cost of production and increases efficiency, lowering unit costs for good production and thus increasing equilibrium demand. Additionally, secondary effects of technology may come from information: technology imparts information and dependency on those who use it, so they become used to new technology/methods and demand more of it in the future, discarding less efficient methods.
Wiki User
∙ 13y ago
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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 do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
How do people demand goods and services?
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.
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.
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.
How do people demand goods and services?
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.
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 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
What is The demand for all goods and services within a country is called?
Aggregate Demand
