Concept information
Preferred term
economic demand
Definition
- Each good and service has its own characteristics that determine the quantity consumers are willing and able to buy. The most important influence over how much of a good or service consumers will buy is its price. [Source: Encyclopedia of Health Care Management; Demand]
Broader concept
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/economic_demand
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