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Supply and demand - Wikipedia, the free encyclopedia
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Demand (economics) - Wikipedia, the free encyclopedia
In economics, demand is the desire to own anything and the ability to pay for it and willigness to pay (see also supply and demand). The term demand signifies the ability or the willingness to buy a...
en.wikipedia.org/wiki/Demand_(economics) |
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One of the most important building blocks of economic analysis is the concept of demand. When economists refer to demand, they usually have in mind not just a single quantity demanded, but a demand curve, which traces the quantity of a good or service that is demanded at successively different prices.
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In contrast, however, oil demand in the OECD grew by some 11 percent over the 1991-97 period, while demand outside the OECD (excluding the Former Soviet Union) grew by 35 percent. The Former Soviet Union presents a special case.
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