Demand Concept

In its broadest sense and the economic science scope, the term demand designates an intention to obtain in the market consumption goods and productive factors for the use in the production of other goods. For example, in the consumption goods market, usually are the families who demand for those consumption goods; yet in the work market, the companies are the ones who demand the work that the families have to offer.

In the market, the demand meets with the offer and, despite the opposite interests between who offers and who searches; it’s possible to perform the trade through the actions of the mechanisms and the market laws.

 

 

Translated from Portuguese by Susana Saraiva, Portuguese-English and English-Portuguese translation specialist. Contact: spams@sapo.pt.