Meaning of demand (what is it, concept and definition)

What is Demand:

When we speak of the word demand, we use it to refer to any request, request or supplication; The plaintiff requests that something or something in particular be delivered to him. This thing that is requested or required may be something that is needed or that is considered or deserved.

Material objects can be demanded as well as immaterial objects, in the first line we find those people who demand food, clothing, shoes, smartphones, among others, and in the second those who are more concerned with the demand for claims such as health, work or justice.

The term can be used in the field of economics, but it is equally important in the area of ​​law.

Demand in economics

When we talk about demand in economics, we refer to the quantity of goods and services that are ordered or requested by a group of people in a certain time, with which we can affirm that they are the purchases made by that social group in a specific period.

There is the individual demand as well as the total demand, the first to speak of that made by a particular consumer, such as that which is handled by the large chain stores that use loyalty cards and who observe which are the purchases made by a consumer in particular and the second (total demand) is that which is made by all consumers in a market, such as the amount of meat or chicken consumed by a country or nation.

It is important to say that the price of a good or service influences their demand, this relationship can be expressed graphically through the demand curve and the slope of this graph determines how demand can increase or decrease depending on the increase. or decrease in price.

There are two great forces or variants within this complex world that we call the market, which we have to the demand itself as well as to the offer, so some experts explain that the demand is the desire or need that you have for a certain product by which is willing to pay, in this way the supply and demand will influence, as well as other variants, on the price that a product or service may have in a given time and market.

Demand in Law

From a legal point of view, the lawsuit is a request or demand made by an individual before a judge, so that something is fulfilled by the person who is the defendant, as well as the demand for compliance with some obligation and / or compensation or damage, as well as the payment of compensation for it.

There are certain requirements and certain formalities that must be fulfilled for the filing of the claim, which are required by the different civil codes of the different countries, however there are common requirements in the different legal systems such as:

• Identify the defendant, as well as the person who is suing (plaintiff). The reasons for the demand, that is, the facts that make you sue or ask for something, as well as the right that has been violated. Specify what you really want. request the Judge with said lawsuit.

There are many effects after a lawsuit is filed, such as the procedural effects, which can be for the parties, that is, the defendant and the plaintiff, as well as for the Judge, who has the duty and obligation to impart justice and comply with certain formalities within the process.