Demand refers to the desire and ability of consumers to purchase goods or services at various prices. It’s a fundamental concept in economics that helps businesses and governments understand consumer behavior. High demand typically means people want more of a product, often driving up its price. Conversely, low demand can lead to price reductions.
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Demand PPT Free: Meaning, Stages, Curves
Factors influencing demand include consumer preferences, income levels, and the availability of substitutes. Understanding demand helps companies decide what products to offer and at what prices, ensuring they meet customer needs while maximizing profits. Essentially, demand shapes the market and guides economic decision-making.
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Table of Content for Demand PPT
- Introduction
- Definition
- Different States Of Demand
- Determinants of demand
- Facts About Demand
- Factors responsible for demand
- Demand and Supply Curves
- Market Demand Vs Aggregate Demand
- Conclusion
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