Demand
In economics, demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. (see also supply and demand). The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time.
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Famous quotes containing the word demand:
“Our frigate takes fire,
The other asks if we demand quarter?
If our colors are struck and the fighting done?
Now I laugh content for I hear the voice of my little captain,
We have not struck, he composedly cries, we have just begun our part of the fighting.”
—Walt Whitman (1819–1892)
“Great things demand that we either remain silent about them or speak in a great manner: in a great manner, that is—cynically and with innocence.”
—Friedrich Nietzsche (1844–1900)
“The Gothic cathedral is a blossoming in stone subdued by the insatiable demand of harmony in man.”
—Ralph Waldo Emerson (1803–1882)