- demand
- an act of asking for payment
- an act of asking for something and insisting on getting it
Example The management refused to give in to union demands for a meeting.- the need that customers have for a product or their eagerness to buy it
Examples There was an active demand for oil shares on the stock market. • The factory had to cut production when demand slackened. • The office cleaning company cannot keep up with the demand for its services.Usage to meet or fill a demand- to supply what is needed
Example The factory had to increase production to meet the extra demand.- to ask for something and expect to get it
Examples She demanded a refund. • The suppliers are demanding immediate payment of their outstanding invoices.
Definition
noun
verb
"…spot prices are now relatively stable in the run-up to the winter’s peak demand"[Economist]
"…the demand for the company’s products remained strong throughout the first six months of the year with production and sales showing significant increases"[Business Times (Lagos)]
"…growth in demand is still coming from the private rather than the public sector"[Lloyd’s List]
Learn a new term:
convertible loan stock