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411 REFERENCE · Wikiquote

Demand

Reference material by Wikiquote contributors. This retains its source identity and is not 411 news reporting.

Demand is a buyer's willingness and ability to pay a price for a specific quantity of a good or service. Demand refers to how much quantity of a product or service is desired by buyers at various prices. Quotes The economist’s “demand” is not the real demand; his “consumption” is an artificial consumption. For the economist, only that person really demands, only that person is a real consumer, who has an equivalent to offer for what he receives. Friedrich Engels, Outlines of a Critique of Political Economy (1844) See also Consumption (economics) External links Category:Economics