Скачать или смотреть What is Demand | Laws of demand | Types of demand | Factors that influence the demand explained

From this video you will learn What is Demand & Laws of demand, Types of demand, Factors that influence the demand for beginners in english.

Demand:
Demand is the willingness and ability of consumers to purchase a given quantity of a good or service at a given point of time or over a period of time. consumer’s desire to purchase goods and services and willingness to pay a price for the specific good or service.
Market demand is the total quantity demanded across all consumers in the market for a given good. Aggregate demand is the total demand for all goods and services in an economy

Law of demand:
The law of demand describes an inverse relationship between price and quantity demanded of a good.Law of demand along with the Law of supply is used to explain how market economies allocate the resources and pricing the goods and services in everyday transaction

Types of demand:
Few important different types of demand are as follows:
1. Price demand
2. Income demand
3. Cross demand
4. Direct demand
5. Derived demand
6. Joint demand
7. Composite demand

Factors that influence the demand:
These are the most common factors that influence the demand:
Expectations
Income
Price
Availability of alternatives
Complementary products
Consumer preferences
Market size
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