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LSDefine
Simple English definitions for legal terms
personal demand
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A quick definition of personal demand:
Personal demand: This means asking for something that you want or need. It could be something you have a right to, like asking for your allowance, or something you ask for in a legal case. Sometimes, the demand might depend on something else happening first, like getting a good grade before asking for a reward. If someone else is asking for something from you, you might have a demand of your own that opposes theirs.
A more thorough explanation:
Definition: Personal demand refers to an individual's desire or need for a particular product or service.
For example, if someone wants to buy a new phone, that is their personal demand for a phone. Another example could be someone wanting to go on a vacation, which is their personal demand for travel services.
These examples illustrate how personal demand is driven by an individual's own wants and needs, rather than external factors such as market trends or government regulations.