You and a friend go clothes shopping and find a great pair of jeans. They fit you perfectly, but they also cost $100. You are wi
lling to buy them, but you only have $50 in your wallet to spend on new clothes. Your friend likes the jeans and has the money to buy them. The jeans would count as a demand for _____.
For demand to exist, two requirements are necessary. First, there has to be a desire to buy a product. In this case, both you and your friend want to buy the jeans. However, the second requirement is to have the ability to pay for the product. Although you would like to get the jeans, only your friend has enough money. Therefore, the demand exists only in your friend's case.
<span>Industrialization led to goods being produced at a faster rate, which meant a country that had fully industrialized during ww1 could build a bigger army.</span>
