What is definition of demand in the context of the economy
Demand is the other side of Supply. When there is Demand for a product of service, the interchange is called a transaction. All transactions add value to the economy,either money or non money. What is non money? - you mow my grass and I will wash your car = barter system, still meets the supply and demand criteria in the context of economy.
When there is no demand, the supply dries up and there are no transactions. Nothing is bought, sold, shipped, stored, manuractured, tasks not performed under the barter system, etc.
The Supply and Demand here @ FixYa.com works thus: The Demand is Answers to Questions - the Supply is Answers for the questions asked. Youj are the customer and I am the Supplier. The transaction should result in at least a Thank You. In some sections of this web site, the transaction results in a exchange of money or at least virtual money. In this section, there is no $ so Thank Yous are particularly important.
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Jul 27, 2011 |
Acura CL Cars & Trucks