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The Demand for Economic Goods

Author

Listed:
  • Claudia Mungiu-Pupăzan

    („Constantin Brâncuşi” University of Tg.-Jiu, Romania)

Abstract

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.

Suggested Citation

  • Claudia Mungiu-Pupăzan, 2009. "The Demand for Economic Goods," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(2), pages 145-152.
    • Handle: RePEc:pet:annals:v:9:i:2:y:2009:p:145-152
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