Definition : Actual demand

Actual demand refers to the real, tangible need or desire for a product or service by consumers in the market. It is the quantity of a product or service that is actually purchased or consumed, as opposed to the potential or forecasted demand. Actual demand is influenced by various factors such as consumer preferences, economic conditions, and marketing efforts. It is a crucial factor for businesses to consider in order to accurately assess the success and viability of their products or services in the market.

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