What is the meanning by Aggregat Demand?

Question

Is it mean that it is Total level of demand for desired goods and services.

Aggregate demand is the sum of consumption expenditure, investment expenditure, government expenditure, and net exports.

Please give more information.

Wasi Rahman Sheikh · Answer

Aggregate demand in economics terms can be describe as the quantity that the buyers are willing and able to buy at a certain price. The main factor that influences the demand of a commodity is its prices. There are other factors that influence the quantity to be bought. These factors will give rise to the different types of goods. Demand can be grouped as individual demand or aggregate demand depending on the economic unit being considered in the study. When we consider the demand of a small unit like individual households in the economy then we rank this type of demand as individual demand. Aggregate demand can be viewed in a broader perspective as the total demand of a country. The concept behind aggregate demand and the individual demand are the same.

Abdou warshan · Answer

Aggregate demand is The total amount of goods and services demanded in the economy at a given overall price level and in a given time period. It is represented by the aggregate-demand curve, which describes the relationship between price levels and the quantity of output that firms are willing to provide. Normally there is a negative relationship between aggregate demand and the price level. Also known as "total spending

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What is the meanning by Aggregat Demand?

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