Blog
AS Micro: Effective demand for after school activities
29th August 2010
Demand is simply the desire to have or own a good or service, and the amount that individuals, companies or governments are able or willing to buy. But for demand to be effective it must be backed up by genuine purchasing power. consumers must have sufficient income to be able to afford to purchase something.
This news article from BBC news focuses on the charges made for parents looking for after-school clubs for their children. A poll for Save the Children finds that many parents are struggling to meet the cost of such activities, many of which are thought to have long-lasting benefits for the children concerned.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.