Demand
Amount of goods which people want to buy
Real World Example
In history, the concept of demand was crucial in African Civilizations because it influenced trade routes and the exchange of goods like gold, salt, and ivory. Demand for these goods from regions like Europe and Asia led to the growth of powerful African empires such as Mali and Ghana. This demand responded to the need for resources that were scarce in other parts of the world, fostering economic growth and cultural exchanges. Today, demand still matters because it affects prices and availability of products in our daily lives. For example, if a new video game becomes very popular, the high demand might make it more expensive or harder to find in stores, showing how demand influences what we can buy and at what cost.
