单词 | effectual demand |
释义 | > as lemmaseffectual demand b. Political Economy. The manifestation of a desire on the part of consumers to purchase some commodity or service, combined with the power to purchase; called also effectual demand (cf. effectual adj. 2c). Correlative to supply. ΘΚΠ society > trade and finance > management of money > management of national resources > [noun] > political economy > economic forces or effects overheating1609 consumption1662 supply1744 production1767 demand1776 effective demand1819 employment rate1833 equilibrium1871 opportunity cost1894 bankers' ramp1931 multiplier1936 multiplier effect1937 market forces1942 cost push1952 externality1957 fiscal drag1964 demand-side1975 1776 A. Smith Inq. Wealth of Nations I. i. vii. 68 Such people may be called the effectual demanders, and their demand the effectual demand; since it may be sufficient to effectuate the bringing of the commodity to market. View more context for this quotation 1776 A. Smith Inq. Wealth of Nations I. i. xi. 234 The average produce of every sort of industry is always suited, more or less exactly, to the average consumption; the average supply to the average demand . View more context for this quotation 1848 J. S. Mill Princ. Polit. Econ. iii. iii. §2 Demand and supply govern the value of all things which cannot be indefinitely increased. 1868 J. E. T. Rogers Man. Polit. Econ. (ed. 3) iii. 21 And this demand must be effectual, that is, must be accompanied with the power of proffering some other object in exchange. 1878 W. S. Jevons Polit. Econ. 99 The Laws of Supply and Demand may be thus stated: a rise of price tends to produce a greater supply and a less demand; a fall of price tends to produce a less supply and a greater demand. < as lemmas |
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