We explain what demand is and how it is related to supply. What are the assumptions that determine it. What is a lawsuit.
In the economy, demand is studied together with supply.What is demand?
The concept demand It comes from the Latin I will demand Y, In the first instance, it is defined as a request or a petition. However, this concept is of great importance both in the economy as in the rightTherefore, its definition can be much broader.
Demand, in economics, refers to the quantity of goods or services that the population aims to achieve, to satisfy your needs or desires. These goods or services can be very varied, such as food, means of transportation, education, leisure activities, medications, among many other things, that is why it is considered that practically all Humans they are demanding.
Demand is considered to be influenced by five assumptions that will determine its increase or decrease:
- Price. First, the price of goods and services. In other words, the monetary value of the same. Prices are generally inversely proportional to demand.
- Offer. The second assumption is the disposition of goods and services (offer), that is, if there is any individual or business It offers them and in what quantities it is carried out.
- Place. Thirdly, the place can be mentioned, that is, what is the medium in which the goods or services are offered, this space can be physical or virtual.
- Payment capacity. Fourth is the claimant's ability to pay, that is, if he has the monetary means to access the goods.
- Needs. The last assumption that can be mentioned are wants and needs. Needs are those that are basic, such as food, clothing, etc. Desires are more specific longings such as purchase of clothes of a certain brand.
Demand is studied in economics together with supply, that is, the amount of goods or services available for sale. Both are analyzed jointly since these two are the ones that determine the amount of goods and services that will be produced and the economic value that they will have.
Lawsuit
From the legal point of view, the claim is understood as a legal request in which the claims are made by one of the actors. It is intended that a judge intervene, either from the protection or recognition of the request.
The claim must be submitted in writing, stating the reason for it and the law that supports it. Some of the mandatory requirements that the lawsuit must present are: data of the defendant and the data of the plaintiff, the facts that lead to the demand, expressed precisely, the thing that is demanded, what is intended, expressing it in a positive and clear way, and finally the right that you want to assert.
The effects of a legal claim can be very diverse. They can be procedural or substantial. The former refer to the actors, that is to say, the plaintiff, the defendant and the judge. In the case of substantial effects, they are multiple and their classification is difficult since the same claim appeals to different rights.