What is an effective need of demand, Managerial Economics

Assignment Help:

What is an effective need of demand

1.  An Effective Need: Effective need demands that there must be a need supported by the capacity and readiness to shell out. Henceforth there are three basics of an effective need:
a. The individual must have a need to attain a specific product.
b. He should have enough funds to pay for that product.  
c. He must be willing to part with these resources for that commodity.


Related Discussions:- What is an effective need of demand

Scarcity, What is the role of scarcity in management decisions-making

What is the role of scarcity in management decisions-making

Managerial principles, managerial principles to consider when determining l...

managerial principles to consider when determining level of output of afirm

1, critically analyze the firm''s theory of profit maxmization

critically analyze the firm''s theory of profit maxmization

Public expenditure, PUBLIC EXPENDITURE The accounts of the central gov...

PUBLIC EXPENDITURE The accounts of the central government are centered on two funds, the Consolidated Fund, which handles the revenues form taxation and other miscellaneous re

Limitations, limitations of managerial ecomomics

limitations of managerial ecomomics

Population size and demographic trends, POPULATION SIZE AND DEMOGRAPHIC TRE...

POPULATION SIZE AND DEMOGRAPHIC TRENDS a.      Changes in Population The people of a country are its consumers.  They provide the labour force for production.  A study of

Principles, what is the full concept of discounting principles of manageria...

what is the full concept of discounting principles of managerial economics ?

Ramsey pricing, Describe ramsey pricing with detailed examples

Describe ramsey pricing with detailed examples

Special drawing rights, Special Drawing Rights (SDR) These are interna...

Special Drawing Rights (SDR) These are international reserve currencies created by the International Monetary Fund  (IMF) to overcome the problems of using gold and national c

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd