Tag Archives | Demand for a Commodity

Causes of Change of Demand for a Commodity: 10 Major Causes

The following points highlight the ten major causes of change of demand for a commodity. The causes are: 1. Changes in Taste and Preferences Habit and Fashion 2. Changes in the Income of the People 3. Changes in the Prices of Related Goods 4. Changes in Population and Number of Potential Buyers, 5. Changes in the Pattern of Income Distribution, [...]

By Nipun S|2017-01-13T05:58:25+05:30January 13, 2017|Commodity|Comments Off

Demand for a Commodity: Meaning, Types and Determinants

In this article we will discuss about:- 1. Meaning of Demand 2. Types of Demand 3. Determinants. Meaning of Demand: The demand for a commodity is its quantity which consumers are able and willing to buy at various prices during a given period of time. So, for a commodity to have demand, the consumer must possess willingness to buy it, [...]

By Shivam N|2016-08-18T11:11:12+05:30August 18, 2016|Demand|Comments Off

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