There can be several non price related factors which affect the demand for a product. Some of the most commonly discussed ones are seasonality, branding, demographics, available and future expected income etc. Demographics is one factor which can significantly affect the demand of any product, be it a consumer durable, healthcare, or any other product that we see around us. Demographics include population size, population growth, age distribution of population, gender profile, education levels etc (Bragg, 2013). Whenever there is an ageing population or when the population growth is very low or negative, the overall demand in the economy ...
Essays on Aimee
5 samples on this topic
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