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14 June, 09:35

What do economists mean when they use the term "actual demand"?

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  1. 14 June, 11:40
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    actual demand is a term used in supply chain synchronization, which implies that the companies make exact number of products suitable for meeting the customer demand. The organizations used to rely on historical statistics of purchase to forecast the number of goods required but these method does not take into account the external factors which can lead to a disturbance in the demands of the customer or the supply chain.
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