Supply and Demand

Amount of product or service available and desire of buyers

What is "Supply and Demand"

Supply and demand is the amount of desire for a certain service or good. Supply will be the service being done or the good being delivered. This may be one of the most important factors of the economic world today. Without supply and demand there wouldn't be certain services or goods. The amount of demand also brings in a lot of economic benefit. If you supply what they are demanding for you could make a lot of money by simply giving the people what they want.