Demand
In economics, demand is the utility for a good or service of an economic agent, relative to his/her income. (Note: This distinguishes “demand” from “quantity demanded”, where demand is a listing or g...
A Game-Changer For The Global Oil Market
Shale technology is a game-changer for the global oil market. Today, this new technology has been developed mostly in the U.S. And, over the past five years, shale oil production in the U.S. has incre...
Inverse demand function
In economics, an 'inverse demand function', P = f(Q),is a function that maps the quantity of output demanded to the market price (dependent variable) for that output. Quantity demanded, Q, is a functi...
A Game-Changer For The Global Oil Market
Shale technology is a game-changer for the global oil market. Today, this new technology has been developed mostly in the U.S. And, over the past five years, shale oil production in the U.S. has incre...
Overspending
Overspending is spending more money than one can afford. It is a common problem when easy credit is available. This can also be called 'investing' in the public sector when infrastructure payments ex...
Supply creates its own demand
"Supply creates its own demand" is the formulation of Say's law. The rejection of this doctrine is a central component of The General Theory of Employment, Interest and Money (1936) and a central tene...
Baumol–Tobin model
The Baumol–Tobin model is an economic model of the transactions demand for money as developed independently by William Baumol (1952) and James Tobin (1956). The theory relies on the tradeoff between t...
Effective demand
In economics, effective demand in a market is the demand for a product or service which occurs when purchasers are constrained in a different market. It contrasts with notional demand, which is the d...
Calculating demand forecast accuracy
Calculating demand forecast accuracy is the process of determining the accuracy of forecasts made regarding customer demand for a product.
Understanding and predicting customer demand is vital to ...
Marshallian demand function
In microeconomics, a consumer's Marshallian demand function (named after Marshall) specifies what the consumer would buy in each price and wealth situation, assuming it perfectly solves the utility ma...
Keynesian cross
The Keynesian cross diagram demonstrates the relationship between aggregate demand (shown on the vertical axis) and aggregate supply (shown on the horizontal axis, measured by output).In the Keynesian...
Keynesian cross - Wikipedia
Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles...
AD-IA model
The aggregate demand–inflation adjustment model builds on the concepts of the IS–LM model and the AD–AS models, essentially in terms of changing interest rates in response to fluctuations in inflation...
Say's law
Say's law, or the law of markets, is the controversial assertion, found in classical economics, that aggregate production necessarily creates an equal quantity of aggregate demand. It was stated by th...
Price elasticity of demand
Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price, ceteris paribus...
Price elasticity of demand - Wikipedia
Induced demand
Induced demand, or latent demand, is the phenomenon that after supply increases, more of a good is consumed. This is entirely consistent with the economic theory of supply and demand; however, this i...
Induced demand - Wikipedia
Demand patterns
Demand is not a controllable factor; under every situation in different industries, varying demand situations might be encountered. Through demand management it is possible to manipulate the demand in...
Demand for money
The demand for money is the desired holding of financial assets in the form of money: that is, cash or bank deposits. It can refer to the demand for money narrowly defined as M1 (non-interest-bearing ...
Derived demand
Derived demand is a term in economics, where demand for a factor of production or intermediate good occurs as a result of the demand for another intermediate or final good. In other words, if the dema...
Market demand schedule
In economics, a market demand schedule is a table that lists the quantity of a good all consumers in a market will buy at every different price. A market demand schedule for a product indicates that t...
Market demand schedule - Wikipedia
Precautionary demand
Precautionary demand is the demand for financial assets, such as securities, money or foreign currency; it is money people hold in case of emergency.In economic theory, specifically Keynesian economic...
Demand curve
In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at that given price...
Hicksian demand function
In microeconomics, a consumer's Hicksian demand correspondence is the demand of a consumer over a bundle of goods that minimizes their expenditure while delivering a fixed level of utility. If the cor...
Stock demands
Stock demands - the demand a customer has for a certain product or products. The demand is influenced by price, availability and position of the product in relation to the consumer.
Kinked demand
The kinked demand curve theory is an economic theory regarding oligopoly and monopolistic competition. When it was created, the idea fundamentally challenged classical economic tenets such as efficie...
Kinked demand - Wikipedia
Joint demand
In economics, joint demand is a kind of demand that occurs when the demand for two or more products (or services) are interdependent, normally because they are used together. The demand for razor blad...
Transactions demand
Transactions demand, in economic theory, specifically Keynesian economics, is one of the determinants of the demand for money (and credit), the others being speculative demand and precautionary demand...
Demand vacuum
A demand vacuum is an economic situation that occurs in a market when local demand for a locally produced product is far exceeded by demand in export markets. The result is little or no availability o...
Demand-led growth
Demand-led growth is a theory in Macroeconomic growth theory which is based on the Keynesian principle of effective demand. Under demand-led growth, the capacity of the economy to supply output expan...
Cross elasticity of demand
In economics, the cross elasticity of demand or cross-price elasticity of demand measures the responsiveness of the demand for a good to a change in the price of another good. It is measured as the pe...
Van Westendorp's Price Sensitivity Meter
The Price Sensitivity Meter (PSM) is a market technique for determining consumer price preferences. It was introduced in 1976 by Dutch economist Peter van Westendorp. The technique has been used by a ...