nõudluse

Nõudlus is a noun in Estonian that denotes demand or requirement. Nõudluse is the genitive singular form of nõudlus and is used when describing aspects of demand, for example nõudluse kasv (growth of demand) or nõudluse tase (level of demand). The plural genitive form is nõudluste.

Etymology and usage: Nõudlus is formed from the verb nõuda, meaning to demand, with the suffix -lus that creates abstract nouns. In everyday language it can refer to a request or claim, while in economic and business contexts it refers specifically to the market demand for goods or services.

In economics: Nõudlus refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a defined period. It is commonly represented by the demand curve, which shows the relationship between price and quantity demanded. Determinants of demand include income, the prices of related goods (substitutes and complements), consumer expectations, tastes, and the number of buyers. A change in any determinant causes a shift of the entire demand curve, whereas a change in the price of the good itself causes movement along the curve.

Grammatical notes: The word nõudluse is used in phrases describing aspects of demand, while the base form nõudlus is the entry form. The plural genitive nõudluste is used for multiple goods or groups, e.g., erinevate toodete nõudluste kasv.

See also: nõudlus vs. pakkumine (supply), nõudluse muutused, ekonomiline nõudlus.