- demand
- an order to comply with an obligation. In business, paying on "demand" means that the obligation must be satisfied immediately when requested. Glossary of Business Terms————The desire to purchase economic goods or services (and the financial ability to do so) at the market price constitutes demand. When many purchasers demand a good at the market price, their combined purchasing power constitutes "demand." As this combined demand increases or decreases, other things remaining constant, the price of the good tends to rise or fall. The CENTER ONLINE Futures Glossary————Term used to describe a creditor's right to request payment in full of a debt. American Banker Glossary————The quantity of a commodity that buyers are willing to purchase in the market at a given price. Chicago Mercantile Exchange Glossary
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1. the amount of spending on goods and services by companies and people in a particular economy:• Demand in the US economy generated 23 million new jobs during the 1990s.
2. the total amount of a type of goods or services that people or companies buy in a particular period of time:demand for• Lower interest rates did nothing to increase demand for loans to buy houses.
• There was a very strong demand for jeans and T-shirts over the last month.
• Chrysler said its Jeep plant won't operate next week because of weak demand.
3. the total amount of a type of goods or services that people or companies would buy if they were available:• Power companies have been forced to reduce voltage when demand exceeded available supplies during extreme cold or hot spells.
• Demand for phone service in Thailand far outstrips the supply with back orders totaling about one million.
4. law of demand the idea that the more something costs, the less demand for it there isˈaggregate deˌmand ECONOMICSthe total demand for goods and services in an economy:• The tax rises are aimed at reducing aggregate demand in the economy, particularly for cars and consumer durables.
conˈsumer deˌmand ECONOMICSdemand for goods and services from people rather than businesses:• Consumer demand led to higher imports of manufactured goods.
ˈcyclical deˌmand ECONOMICSdemand that changes in a regular way over time, depending on the part of the trade cycle that a country is in or the time of year:• The company remains successful in a world market that is prone to cyclical demand.
deˈrived deˌmand ECONOMICSdemand for a type of goods or services that depends on demand for another type of goods or services:• An individual firm's demand for labour can be thought of as a derived demand — it is derived from the consumers' demand for the firm's product.
doˈmestic deˌmand ECONOMICSdemand from within a particular country, not from abroad:• Japan's economy depends on domestic demand, rather than exports, for growth.
eˈlastic deˌmand ECONOMICSwhen a change in the price of something leads to a larger change in the amount of it that is sold or that could be sold if it was available:• Margins on goods in relatively elastic demand should be lower than those on relatively inelastic demand.
ˈexcess deˌmand ECONOMICSwhen there is more demand for something than available supplies of it:• Excess demand for labour can lead to wage inflation.
ˈglobal deˌmand ECONOMICStotal demand from all over the world:• The global demand for capital is keeping interest rates firm in many major countries.
ineˈlastic deˌmand ECONOMICSwhen a large change in the price of something results in only a small change in the demand for it:• Alcohol is a product with a very inelastic demand.
instiˈtutional deˌmand ECONOMICSdemand for Securities from financial institutions rather than other investorsˈmarket deˌmand ECONOMICSdemand for a particular type of goods or services from a particular group of buyers:• Ford can vary the size of their new modular engine to meet market demand.
ˈprimary deˌmand MARKETINGthe demand for a type of product, rather than for a particular brand:• Overall primary demand for oil products in the first quarter of 2005 was 0.2 per cent higher than last year.
seˈlective deˌmand MARKETINGthe demand for a particular brand of product:• This type of advertising is aimed at building up selective demand for a company's products.
— see also elasticity of demand, on demand* * *
Ⅰ.demand UK US /dɪˈmɑːnd/ noun► [S or U] COMMERCE, ECONOMICS a need for goods or services that customers want to buy or use: »increasing/rising/growing demand
»declining/falling/slowing demand
»high/strong/huge demand
»a decline/drop/shift in demand
»Colourful Ceramics hope to tap into the demand for products made out of recycled materials.
»a rise/increase/boom in demand
demand rises/grows/falls »As populations age, demand rises for ever more complex and expensive health treatments.
»demand exceeds/outstrips supply
»to increase/decrease/satisfy demand
»Safecare says it has thrived by meeting a demand for affordable insurance.
»For the moment, strong customer demand is helping all four operators grow quickly.
»Rising prices for land and the need for security create demand for gated high-rise units.
bolster/boost/fuel demand »The dollar rose as buying of U.S. securities bolstered demand for the currency.
► [U] ECONOMICS the fact of customers buying goods and using services in an economy, and the amount that they buy: demand grows/recovers »Pilkington said prices and demand were growing in Europe.
»There are signs of a slowdown in domestic demand.
»Grain prices are increasing, helped by both the strengthening U.S. economy and accelerating demand from China.
► [C] a strong request for something: a demand for sth/a demand that »There was a demand that customers be compensated for the inconvenience they had suffered.
»accept/agree to/reject a demand
► [C] a letter requesting that someone pays money that they owe: »Defaulting customers received a final demand for payment.
→ See also AGGREGATE DEMAND(Cf. ↑aggregate demand), COMPOSITE DEMAND(Cf. ↑composite demand), CONSUMER DEMAND(Cf. ↑consumer demand), CYCLICAL DEMAND(Cf. ↑cyclical demand), DERIVED DEMAND(Cf. ↑derived demand), ELASTIC DEMAND(Cf. ↑elastic demand), ELASTICITY(Cf. ↑elasticity), EXCESS DEMAND(Cf. ↑excess demand), INELASTIC DEMAND(Cf. ↑inelastic demand), INSTITUTIONAL DEMAND(Cf. ↑institutional demand), MARKET DEMAND(Cf. ↑market demand), PRIMARY DEMAND(Cf. ↑primary demand), SELECTIVE DEMAND(Cf. ↑selective demand)Ⅱ.demand UK US /dɪˈmɑːnd/ verb [T]► to make a strong request for something: »Miller was expected to go back to the bidders last night to demand a further rise in price.
»If the Revenue thinks you have underpaid it will demand payment and can charge a penalty of interest.
»Shareholders in the company are demanding the resignation of the chief executive.
Financial and business terms. 2012.
