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Started By
Message
re: Obama: Extending Unemployment Benefits “Creates New Jobs”
Posted on 1/8/14 at 10:09 am to Korkstand
Posted on 1/8/14 at 10:09 am to Korkstand
quote:
Demand for a novel good is definitely there before it is produced.
Not necessarily. Likely more products fail due to lack of demand than succeed. To proved this assertion a detailed study would have to be carried out however, IMO a direct correlation can be drawn between business start up failures and product failures. LINK In other words, these business fail because they fail to sell a products that lack demand.
quote:
Tons of money is poured into research to calculate this demand before production begins.
Agree. And many times they are still wrong.
quote:
But in order for there to be demand, consumers must have money.
Hmmmm? I want (demand) a $2 million dollar house but I don't have the money for it. How is my demand there without the money?
I think you mean in order for people to fulfill their demands they need money (or some other form of value exchange).
1
Posted on 1/8/14 at 10:21 am to GumboPot
quote:
Likely more products fail due to lack of demand than succeed.
Demand has two components: desire and means. You need both for a product to succeed.
quote:Exactly.
Hmmmm? I want (demand) a $2 million dollar house but I don't have the money for it. How is my demand there without the money?
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