Greatly sought after; desired or required by many people
. Sometimes hyphenated. Sometimes used with the modifier “high” before or in the middle of the phrase. To the surprise of some, the product has been in high demand since it was first released.
What does it mean when something is in demand?
Definition of in demand
:
needed or wanted by
many people Tickets for her concerts are always in great demand. Good plumbers are in demand in our town.
What does high demand mean in business?
High demand means
demand for employment that exceeds the supply of qualified workers for occupations or skill sets
in a labor market area.
What's another word for high demand?
| in demand wanted | desired coveted | desirable trendy | big hot | requested merchantable |
|---|
What is a low demand?
(also demand mode per IEC 61511) when demands to activate the safety instrumented function (SIF) are infrequent compared to the test interval of the SIF. The process industry defines this mode when the
demands to activate the SIF are less than once every two proof test intervals
.
What jobs are in high demand?
- Actuary. Median salary in 2020: $111,030. …
- Industrial Engineer. Median salary in 2020: $88,950. …
- Data Scientist. Median salary in 2020: $98,230. …
- Information Systems (IS) Manager. …
- Information Security Analyst. …
- Financial Manager. …
- Registered Nurse (RN) …
- Physician Assistant (PA)
What is another word for on demand?
| as required to order | a la carte as and when | as and when required when needed |
|---|
What does demand mean in business?
Demand is an economic principle referring to
a consumer's desire to purchase goods and services
and willingness to pay a price for a specific good or service. … Market demand is the total quantity demanded across all consumers in a market for a given good.
How do you use high demand?
- Some programs have specialized admission requirements, particularly those in high-demand fields such as basic law enforcement training, truck driver training and the zoo and aquarium programs. …
- The iPhone is popular for many reasons, making the iPhone 4 a high-demand product.
What is an example of a demand?
If movie ticket prices declined to $3 each, for example, demand for
movies would likely rise
. As long as the utility from going to the movies exceeds the $3 price, demand will rise. As soon as consumers are satisfied that they've seen enough movies, for the time being, demand for tickets will fall.
What is the opposite of demand?
demand. Antonyms:
disclaim
, waive, forego, petition, request, supplicate. Synonyms: claim, require, ask for, call for, insist.
What happens when demand increases?
An increase in demand will cause
an increase in the equilibrium price and quantity of a good
. … The increase in demand causes excess demand to develop at the initial price. a. Excess demand will cause the price to rise, and as price rises producers are willing to sell more, thereby increasing output.
What are the types of demands?
- Joint demand.
- Composite demand.
- Short-run and long-run demand.
- Price demand.
- Income demand.
- Competitive demand.
- Direct and derived demand.
Why does price increase when demand increases?
An increase in demand results in an increase in price. Demand
increases when consumers are willing to buy more
. This means they will buy more at the same price as before, but also that they are willing to pay more for the same amount.
Why is low demand bad?
Weaker demand
leads to weaker investment and creates a vicious cycle for productivity and income growth
. … And rising income inequality is shifting purchasing power from those most likely to spend to those more likely to save. This is reflected in slowing growth expectations in many markets.
What is the happiest career?
The firm's data shows the happiest career sector is
information technology
, with a majority (73%) of workers reporting positive feelings. And surprisingly, some workers on which the pandemic took the heaviest toll were also among the happiest, such as doctors and teachers.
What jobs are dying out?
- Travel Agent. Now that online reservation systems can make anyone a travel insider, this career is on its way out. …
- Broadcaster. …
- 3. Mail Carrier. …
- Mortgage Broker. …
- Casino Cashier. …
- Case Researcher. …
- Semiconductor Processor. …
- Middle Management Positions.
What does it mean to watch something on demand?
On-Demand (also referred to as Video On Demand or VOD)
allows the viewer to watch the selected movie or TV content whenever at his or her schedule's convenience
. … A TV service provider typically selects the shows available for On-Demand viewing, in addition to the dates that the shows are available to be viewed.
Which job is best for girls?
- Teaching Jobs. For a long time, education or teaching has been the first choice of jobs for married ladies in India. …
- Cabin Crew & Hospitality Jobs. …
- 3. Entertainment Industry Jobs. …
- Image Management Jobs. …
- Medicine & Nursing Jobs. …
- Law Jobs. …
- Fashion & Design Jobs. …
- Sports Jobs.
What is nearest meaning of demand?
noun. 1′
his demands for electoral reform
‘ request, call. command, order, dictate, ultimatum, stipulation. insistence, pressure, clamour, importunity, urging.
What is demand theory?
Demand theory describes the
way that changes in the quantity of a good or service demanded by consumers affects its price
in the market, The theory states that the higher the price of a product is, all else equal, the less of it will be demanded, inferring a downward sloping demand curve.
How do you determine demand?
Demand is determined by a few factors, including the
number of people seeking your product
, how much they're willing to pay for it, and how much of your product is available to consumers, both from your company and your competitors. Market demand can fluctuate over time—in most cases, it does.
How does demand affect a business?
Greater demand for a
product or service gives the firm the opportunity to grow the business
, hiring more workers and increasing capacity to match the demand. On the other hand, oversupply and low demand forces businesses to contract, laying off staff and closing factories.
Can a person be in high demand?
If someone or something is in demand or in great demand,
they are very popular and a lot of people want them
. He was much in demand as a lecturer in the U.S., as well as at universities all over Europe.
Does high demand mean higher prices?
When demand exceeds supply, prices tend to rise
. … If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.
Is it correct to say demand for?
5 Answers. In that sentence, you
would use demand for
. You use demand for when some entity has want of a resource, as in supply-and-demand economics. Examples would include a high demand for candy canes at Christmastime, or a high demand for beachfront cottages during the summertime.
What type of verb is demand?
demand used as a verb:
To request forcefully
. “I demand to see the manager.” To claim a right to something. … “I demand an immediate explanation.” To require of someone.
What basis does the word life demands?
“to live,” which is literally “to continue, remain.” Extended 1703 to inanimate objects, “term of
duration or existence
.” Sense of “vitality, energy in action, expression, etc.” is from 1580s. Meaning “conspicuously active part of human existence, pleasures or pursuits of the world or society” is by 1770s.
What is meant by excess demand explain its causes and consequences?
Excess demand refers to the situation when aggregate demand (AD) is more than the aggregate supply (AS) corresponding to full employment level of output in the economy. It is
the excess of anticipated expenditure over the value of full employment output
. ADVERTISEMENTS: Excess demand gives rise to an inflationary gap.
What is demand level?
It's
the percentage change of the quantity demanded divided by the percentage change in price
. There are three levels of demand elasticity: Unit elastic is when demand changes by the exact same percentage as the price does. Elastic is when demand changes by a greater percentage than the price does.
What are the 3 concepts of demand?
The demand for a product is always defined in reference to three key factors,
price, point of time, and market place
. These three factors contribute a major part in understanding the concept of demand.
What causes demand to shift?
Factors that can shift the demand curve for goods and services, causing a different quantity to be demanded at any given price, include
changes in tastes, population, income, prices of substitute or complement goods
, and expectations about future conditions and prices.
Does lower price increase demand?
If the price goes up, the quantity demanded goes down (but demand itself stays the same). If the
price decreases, quantity demanded increases
. This is the Law of Demand.
Why does demand fall when prices are high?
The amount consumers buy falls for two reasons: first
because of the higher price
and second because of the lower income.
What's the relationship between price and demand?
Thus, the price of a product and the quantity demanded for that product have an
inverse relationship
, as stated in the law of demand. An inverse relationship means that higher prices result in lower quantity demand and lower prices result in higher quantity demand.
What causes demand to decrease?
Decrease in demand may occur due to the following reasons:
(i)
A goods has gone out of fashion or the tastes of the people for a commodity have declined
. (ii) Incomes of the consumers have fallen. (iii) The prices of the substitutes of the commodity have fallen. (v) The propensity to consume of the people has declined.
