2. Economics: (1) Desire for certain good or service supported by the capacity to purchase it. (2) The aggregate quantity of a product or service estimated to be bought at a particular price. (3) The total amount of funds which individuals or organizations want to commit for spending on goods or services over a specific period. See also law of supply and demand.
Use 'demand' in a Sentence
The company increased its production of the new sneaker after a recent advertising campaign made the demand for the product soar.
The constant demand for fossil fuels for automobiles and energy, combined with scarcity, keeps the prices high and the supply low.
The demand for horseshoes greatly increased due to the proliferation of roads; formerly, horses had run unshod over grass and dirt without problem, but their hooves could not withstand constant collisions with cobblestones.
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Notable Quotable
A Retrospective Look at Demand for World Computers
"I think there is a world market for about five computers. (Stated by the Chairman of IBM in 1943)"