Question

Define Effective Demand.

Answer 1

hey dear....

here is your answer.....

effective demand:- Aggregate actual demand in an economy supported by the consumers' capacity to pay, as opposed to the notional demand. Effective demand excludes the latent demand.

hope it helps you

Answer 2

Definition effective demand

• In a subject view of economics, the effective demand plays a vital role in the market sector. An effective demand in a market is a demand for the product or services which occurs when purchasers or consumers are purchase in different price in different market.
• In other words it is an ability or willingness of consumer to purchase the goods at the different cost. The effective demand is said to be it is a point of equilibrium where aggregate demand is equal to aggregate supply.