Types Of Demand

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The demand for various kinds of goods is generally classified on the basis of kinds of consumers, suppliers of goods, nature of goods, duration of consumption goods, interdependence of demand, period of demand and nature of use of goods (intermediate or final), The major classifications of demand are as follows:

  • Individual and market demand
  • Demand for firm’s prodtictand industry’s products
  • Autonomous and derived demand
  • Demand for durable and non-durable goods
  • Short-term and long-term demand
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