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A More Practical Method for Explaining Demand

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  • Yi-Jang Yu

Abstract

Demand analysis in general needs to deal with two fundamental elements: the first is the necessary identification of timing and special differences and the second is the necessary separation of ability and willingness in personal consumption behavior. Only by taking both considerations into account and adopting portfolio theory as the analytical framework and tool, can demand be realistically explained. As a consequence, this study demonstrates that numerous demand issues, including the designing of a national improvement indicator of economic life, can all be reasonably studied.

Suggested Citation

  • Yi-Jang Yu, 2013. "A More Practical Method for Explaining Demand," Research in World Economy, Research in World Economy, Sciedu Press, vol. 4(2), pages 18-27, September.
    • Handle: RePEc:jfr:rwe111:v:4:y:2013:i:2:p:18-27
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    References listed on IDEAS

    as
    1. Richard Nelson, 2013. "Demand, supply, and their interaction on markets, as seen from the perspective of evolutionary economic theory," Journal of Evolutionary Economics, Springer, vol. 23(1), pages 17-38, January.
    2. Yi-Jang Yu, 2013. "A More Practical Method for Explaining Supply," Research in World Economy, Research in World Economy, Sciedu Press, vol. 4(1), pages 76-81, March.
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    Cited by:

    1. Yi-Jang Yu, 2014. "A More Practical Method for Explaining Equilibrium," Research in World Economy, Research in World Economy, Sciedu Press, vol. 5(1), pages 88-98, March.

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