Name the three components included in the definition of demand
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0
Answer:
The three components include
a. consumption
b. investment
c. government spending
Answered by
0
Answer:
The three components that are included in the definition of demand is
1. Consumption
2. Investment
3. Government spending
Explanation:
Demand refers to how much of that product, item, commodity, or service consumers have a 'desire and ability' to purchase at a particular price.
In other words, supply pertains to how much the producers of a 'product or service' are ready to produce and can provide to the market with a limited amount of resources available.
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