Definition of Aggregate demand:
Total demand for goods and services in a given market.
Total demand represents the total demand for goods and services at a fixed price level over a period of time. Total long-term demand is equal to gross domestic product (GDP) because both parameters are calculated in the same way. GDP represents the total amount of goods and services produced in the economy, while total demand is the demand for these goods. Under the same calculation, aggregate demand and GDP rise or fall at the same time.
Total demand for required goods and services (anytime from all economic groups), which constitutes the gross domestic product (GDP). Total demand is a combination of consumer spending, capital spending, public spending and net exports.
Total demand is the economic measure of the total demand for all manufactured goods and services produced in an economy. Total demand is expressed as the total amount of money exchanged for these goods and services at a specific price and time.
How to use Aggregate demand in a sentence?
- When you're trying to decide how much to charge for your product, Total Demand can tell you how much to charge.
- Total demand is the economic measure of the total demand for all manufactured goods and services produced in an economy.
- I want to understand the whole demand because it's all important. We need enough equipment to meet these needs.
- In general, it is believed that increasing credit increases aggregate demand.
- Total demand is expressed as a fixed price on these goods and services and the total amount paid on time.
- Total demand includes all consumer goods, capital goods (facilities and goods), exports, imports and public spending.
- If the general demand for your product is high, you can increase the price slightly to get more profit.
Meaning of Aggregate demand & Aggregate demand Definition