Effective demand is the genuine demand for a good or service that is supported by the ability and willingness of consumers to purchase at a given price point.
Dive into the fundamental economic concept of supply and demand, where market equilibrium is key to understanding price fluctuations and market forces.
Discover the A-to-Z guide to real estate terms with over 3,300 definitions simplified for quick and easy understanding. Essential for real estate agents, consumers, and investors.