Demand

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  • demand
definition
  • The desire, ability and willingness of an individual to purchase a good or service. The consumer must have the funds or the ability to obtain funds in order to convert the desire into demand. The demand of a buyer for a certain good is a schedule of the quantities of that good which the individual would buy at possible alternative prices at a given moment in time.
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Abstract from DBPedia
    In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. The relationship between price and quantity demand is also called the demand curve. Demand for a specific item is a function of an item's perceived necessity, price, perceived quality, convenience, available alternatives, purchasers' disposable income and tastes, and many other options.

    (Source: http://dbpedia.org/resource/Demand)