We explain what demand is and how it is related to supply. What are the assumptions that determine it. What is a lawsuit?
What is the demand?
The concept demand comes from latin demand and, in the first instance, It is defined as a request or a request. However, this concept is of great importance both in economics and in law, which is why its definition can be much broader.
Demand, in economics, refers to the amount of goods or services that the population intends to obtain to satisfy your needs or desires. These goods or services can be very varied, such as food, transportation, education, leisure activities, medicines, among many other things, which is why practically all human beings are considered demanders.
It is considered that demand is influenced by five assumptions that will determine its increase or decrease:
- Price First of all, the price of goods and services. That is to say, the monetary value is the same. Generally prices are inversely proportional to demand.
- Offer The second assumption is the provision of the goods and services (supply), that is, if there is an individual or company that offers them and in what quantities they do so.
- Place Thirdly, the place can be mentioned, that is, what is the medium in which the goods or services are offered, this space can be physical or virtual.
- Payment capacity Fourthly is the plaintiff's ability to pay, that is, whether he or she has the monetary means to access the goods.
- Needs The last assumption that can be mentioned is wants and needs. Needs are those that are basic, such as food, clothing, etc. Wants are more specific desires, such as buying clothes from a certain brand.
Demand is studied in economics along with supply, that is, the quantity of goods or services available for sale. Both are analyzed together since these two are what determine the quantity of goods and services that will be produced and the economic value they will have.
See also: Law of supply
Lawsuit
From a legal point of view, the claim is understood as a legal petition in which the claims are formulated by one of the actors. It is intended that a judge intervene, either through protection or recognition of the request.
The demand must be presented in writing exposing the reason for it and the law that supports it. Some of the mandatory requirements that the claim must present are the details of the defendant and the claimant, the facts that lead to the claim, expressed precisely, the thing being sued, what is sought, expressing it positively and clear, and finally the right that you wish to assert.
The effects of a legal claim can be very diverse. They can be procedural or substantive. The first refer to the actors, that is, the plaintiff, the defendant and the judge. In the case of substantial effects, they are multiple and their classification is difficult since the same claim appeals to various rights.
