3. CONSUMER V/S PRODUCER
CONSUMER GOODS
DEMAND
PRODUCER GOODS
DEMAND
THE DEMAND FOR
PRODUCTS WHICH WERE
REQUIRED BY THE
CONSUMERS ARE CALLED
CONSUMER GOODS
DEMAND GENERALLY
THESE WERE CALLED
NECESSITIES
FOR EXAMPLE :RICE,
CLOTHES, ETC,.
THE GOODS WHICH WERE
DEMANDED BY THE
PRODUCER AT THE TIME
OF PRODUCTION ARE
CALLED PRODUCER
GOODS DEMAND
GENERALLY THESE TYPE
OF DEMAND IS SEEN IN
FACTORIES
FOR EXAMPLE
;RAWMATERIALS
4. AUTONOMOUS V/S DERVIED
AUTONOMOUS DEMAND DERVIED DEMAND
IT IS BASED ON THE
NECESSATIES FOR
SATISFYING HUMAN
WANTS .
IT IS THE DEMAND WHICH
IS CREATED BY THE
PEOPLE TO SATISY THERE
WANTS
FOR EXAMPLE;
WHEN THE DEMAND FOR
A PRODUCT DEPENDS ON
DEMAND FOR OTHER
REALTED GOOD .
IN OTHER WORDS
DEMAND FOR A PRODUCT
ARRIVED FROM THE
PARENT PRODUCT
FOR EXAMPLE;
5. DURABLE V/S PERSHIABLE
DURABLE DEMAND PERSHIABLE DEMAND
IT IS THE DEMAND FOR
DURABLE GOODS
THE GOODS WHICH CAN
STAY FOR LONG PERIOD
ARE CALLED DURABLE
DEMAND
FOR EXAMPLE;
DEMAND FOR PERSHIABLE
GOODS
LIKE THE GOODS CAN
STALLED NOT MORE THAN
A DAY ARE CALLED
PERSHIBLE GOODS
FOR EXAMPLE;
VEGETABLES
6. FIRM V/S INDUSTRY
FIRM DEMAND INDUSTRY DEMAND
THE DEMAND FOR SINGLE
OR INDIVIDUAL FIRM OR
UNIT
FOR EXAMPLE;
THE DEMAND FOR
WHOLE OR GROUP OF
FIRMS
FOR EXAMPLE;
7. SHORT RUN V/S LONG RUN
SHORT RUN DEMAND LONG RUN DEMAND
DEMAND ESTIMITAING
FOR TIME PERIOD
BETWEEN 6 MONTHS TO
ONE YEAR
FOR EXAMPLE;
DEMAND ESTIMATING
MORE THAN A YEAR
FOR EXAMPLE;
8. NEW V/S REPLACEMENT
NEW DEMAND REPLACEMENT DEMAND
THE DEMAND FOR NEW
PRODUCTS
THE DEMAND FOR
REPLACEMENT PRODUCTS
ITEM PURCHASED TO
MAINTAIN THE ASSET IN
GOOD CONDITION
HERE WE MODIFY THE
EXISITING PRODUCT WITH
NEW PRODUCTS
10. FACTORS
1 ) PRICE
2)INCOME
3)TASTE & PREFERNCES OF THE
CONSUMERS
4)ADVERTISEMENTS
5)SUBSTITUTES &
COMPLIMENTARIES
6)TECHONOLOGICAL CHANGES
7)GOVERNMENT POLICIES
8)SIZE OF POPULATION
9)CLIMATIC CONDITIONS
11. PRICE
IT IS INVERSE REALTION SHIP BETWEEN
QUANTITY DEMANDED
IF THE PRICE OF THE PARTICULAR COMMODITY
INCREASES THE QUNATITY DEMANDED FOR
THAT PRODUCT DECREASES
WHEN WE DRAW THE DEMAND SCHEDULE OR
THE DEMAND CURVE FOR A GOOD WE TAKE THE
PRICES OF THE RELATED GOOD AS REMAINING
CONSTANT
12. INCOME
THE DEMAND FOR GOODS ALSO DEPENDS UPON
THE INCOME OF THE PEOPLE
IN DRAWING DEMAND CURVE WE TAKE INCOME
AS THE GIVEN AND CONSTANT
WHEN AS A RESULT OF THE RISE IN THE INCOME
OF THE PEOPLE, THE DEMAND INCREASES,THE
WHOLE OF THE DEMAND CURVE SHIFTS
UPWARD AND VICE VERSA
13. TASTE AND PREFERNCES OF CONSUMER
PEOPLE’S TASTES AND PREFERNCES FOR VARIOUS
GOODS OFTEN CHANGE AND AS A RESULT THERE
IS CHANGE IN DEMAND FOR THEM.
THE CHANGES IN DEMAND CURVE ALSO OCCUR
DUE TO THE CHANGES IN FASHION AND ALSO
DUE TO THE PRESSURE OF ADVERTISEMENTS BY
THE MANSUFACTURERS AND SELLERS OF
DIFFERENT PRODUCTS.
14. THE SIZE OF THE POPULATION
SIZE OF THE POPULATION ALSO AFFECT THE
DEMAND
IN CASE IF NUMBER IS HIGH THE DEAMAND FOR
THE CERTAIN PRODUCT IS ALSO HIGH AND VICE
VERSA
15. CLIMATIC CONDITIONS
CLIMATIC CONDITIONS ALSO AFFECT THE
DEAMND
FOR EXAMPLE ICE CREAMS HAVE LESS DEMAND
IN WINTER SEASON WHEN COMPARED TO
SUMMER SEASON