Home EducationSubjectsBusiness Studies Subscribe to RSS

Can You Define Market Demand?

Answer Question

1 Answer - Sort by: Date | Rating

    Market demand is the aggregate demand of all the potential customers in an economy. The aggregate demand is for the products and services. Customers are also known as market participants therefore, the aggregate demand is calculated by adding all demands of the products and services that arise from these market participants. In other words, market demand is the sum of amounts demanded by all the market participants for a specific product or service.

    1 0

    Amber22 

    answered 12 months ago

      More

         
         

        Ask a Question via Twitter

        Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

        Blurtit Store

        Get T-shirts, hoodies, caps and more at the Blurtit store