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Erschienen in:
2013 | OriginalPaper | Buchkapitel
Gradations of Consumers’ Demand
Erschienen in: Principles of Economics
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When a trader or a manufacturer buys anything to be used in production, or be sold again, his demand is based on his anticipations of the profits which he can derive from it. These profits depend at any time on speculative risks and on other causes, which will need to be considered later on. But in the long rim the price which a trader or manufacturer can afford to pay for a thing depends on the prices which consumers will pay for it, or for the things made by aid of it. The ultimate regulator of all demand is therefore consumers’ demand. And it is with that almost exclusively that we shall be concerned in the present Book.