TOZZIBLINKZ
VIP Contributor
We we are all familiar with the definition of demand in the study of economics and business finance . By definition the word demand in economics or in business finance refers to the amount of goods or services a given inhabitants or citizens of a particular country or territory are willing to purchase and buy on a particular bidded price in a particular time . Demand is one of the factor drive that affect the act of buying and selling in a particular market it is a price system that affect trade in a particular market whether online or offline .
To activities that takes place in a local market is out of buying and selling . And as I have already mentioned before the act of buying and selling is determined by demand . To the more elaborate , if the demand of a particular commodity is high the consumer are willing to buy the product on the particular bibbed price . On the other hand because the demand for the commodity is high the sellers are willing to to sell these commodities thereby producing it in large scale so as to reach the available number of buyers .
To activities that takes place in a local market is out of buying and selling . And as I have already mentioned before the act of buying and selling is determined by demand . To the more elaborate , if the demand of a particular commodity is high the consumer are willing to buy the product on the particular bibbed price . On the other hand because the demand for the commodity is high the sellers are willing to to sell these commodities thereby producing it in large scale so as to reach the available number of buyers .
