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Abstract

Demand is regarded by economists as the requirement for goods and services that the customer is able and willing to pay for. It must not be confused with need which, for buildings and works, may be defined as the difference between an accepted standard of provision and the extent to which the stock reaches this standard. However the two are clearly interrelated and both will be referred to in this chapter.

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© 1984 Patricia M. Hillebrandt

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Hillebrandt, P.M. (1984). Determinants of Demand. In: Analysis of the British Construction Industry. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06660-5_2

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