demandde·mand /dɪˈmɑːnddɪˈmænd/ noun [uncountableU]ECONOMICS1the amount of spending on goods and services by companies and people in a particular economyDemand in the US economy generated 23 million new jobs during the 1990s.
2the total amount of a type of goods or services that people or companies buy in a particular period of timedemand forLower interest rates did nothing to increase demand for loans to buy houses.
There was a very strong demand for jeans and T-shirts over the last month.
Chrysler said its Jeep plant won’t operate next week because of weak demand.
3the total amount of a type of goods or services that people or companies would buy if they were availablePower companies have been forced to reduce voltage when demand exceeded available supplies during extreme cold or hot spells.
Demand for phone service in Thailand far outstrips the supply with back orders totaling about one million.
4law of demand the idea that the more something costs, the less demand for it there is
→ aggregate demand → consumer demand → cyclical demand → derived demand → domestic demand → elastic demand → excess demand → global demand → inelastic demand → institutional demand → market demand → primary demand → selective demand → see also elasticity of demand, on demand