Demand In economics, we need to use terms a little more carefully than they are sometimes used in ordinary discussions. ... That distinction is important for microeconomics, although people often do not make it in ordinary discussion. ... Clearly, the buyers are the people who want or need the product or service -- but there is more to it than that. ... People sometimes use the term "demand" ambiguously -- as if "demand" were the same thing as need. ... That's a common-sense point: the higher the price, the less people will want to buy. ...

• Word Count: 662
• Approx Pages: 3
• Grade Level: High School

On Thursday, October 24th, 1929, people began to sell their stocks as fast as they could. ... Margin buying is another reason why people believed that the crash happened. ... Many people blamed the crash for the economic collapse. ... During 1929, people invested in the stock market for five major reasons. ... Another reason was the higher wages of the ordinary workers. ...

• Word Count: 1262
• Approx Pages: 5
• Grade Level: High School