The Demand for Economic Goods
Satisfying the most needs of the consumer is done/achieved with economic assets. Each good has substitutes: using other goods where the original cost of using asset increases. The needs are desires. If needs are analyzed carefully, it is found to have various emergencies. People buy more or less a good since the price they have to pay reduced or increased. The concept of needs projects the concept of demand in the application that links quantities that are purchased by the sacrifices made to achieve these quantities [7]. While human needs seem to be limitless, a desire can be satisfied only at a certain price, which means that people moderate their demands. This phenomenon is not surface and superficial. Rather it is deep and usually is given the status of law: law of demand.
Year of publication: |
2009
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Authors: | Mungiu-Pupăzan, Claudia |
Published in: |
Annals of the University of Petrosani, Economics. - University of Petrosani, Romania. - Vol. 9.2009, 2, p. 145-152
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Publisher: |
University of Petrosani, Romania |
Subject: | the demand | the individual demanding | the market demand | income change | the prices | consumer preferences |
Saved in:
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