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Definition Cause Determinants Demand Curve Law of demand Exceptions Home |
Cause of demandCauses of demand are the things which stimulates a person and gives him an idea to buy some commodities.In other words, causes of demands are those, which brings out a need to use a particular product. Rain may be the cause of my demand for an umbrella. Hot climate might be the cause of my demand for an air conditioner. Causes of demand do have a significant role in economy, but not like determinants of demand. This is because of the reason that, if one is not able to purchase a product, even efter realizing that the need of that will be caused by some element, he adapts to the new situation. He evolves to takein the new situation. |
Related reading:
Morality in causes of demand. |