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单词 effectual demand
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effectual 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.
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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.
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