FAQ About Economics

What are the factors affecting demand? Economics
2 years ago | gizem

What are the factors affecting demand?

We can define the demand as the consumer's desire to obtain a certain amount of money voluntarily and within their means in return for a certain financial price. In this case, it is necessary to add at least 2 more factors to the factors affecting the demand. Willingness to buy expresses 'want', the basis on which economists base tastes and preferences. If you don't need or want something, you don't buy it. The ability to buy also reveals the importance of income. On the other hand, related goods also affect demand.