Supply depends on the demand of a commodity in the market to a great extent. When the demand increases, the business agencies try to make it available in the market so that the customers can buy it as well as the agencies also find suitability in making more business by selling the product to the potential customers. Sometimes the manufacturing agencies also develop the demand of a product by generating more awareness and demand among their targeted customer’s group. On the other hand, when the supply of a product remains higher, the customers find a great opportunity in buying their required products as they find a competitive market along with the advantages of this kind of market. Therefore, in both the cases, the customers remain in the central point of a market; still, it’s also undeniable that supply of a product also creates a great influence in the market.
Now, take a look at a glance on the products those are of high demand in present time. Presently, products are available in different categories as well as sub categories. Such as, electronics, mechanical, electrical, household equipments, parts and machinery, motors and vehicles, etc. are some of the important items those can be considered as main category items, available in the market. In addition, a television, computers are examples of subcategories under the electronics products. Though, among the sub category commercial items, you can find variations as well. Therefore, you can understand that now the market is more advanced, where a buyer has great opportunity to choose his or her perfect item.
Along with the change of the design of a product as well as capacity of work, the price also varies. Therefore, the budget of a customer is also an important issue in understanding the market of a particular product. For example, if people are ready to buy a home theater of lower budget, then the home theater products, manufactured by renowned manufacturing agencies would find fewer customers. However, market is such a place what can’t be diagnosed under a microscope. The economists as well as tradesmen though can make a guess on the demand of the customers; still, working out an accurate figure of the customers of a popular product may not be possible to them.
The market finds the demand of each and every product. On the other hand, the tradesmen also take some effective steps so that they can get better market, such as generating awareness through advertisement about their recently launched products massively. Launching a product in the market, such as light duty submersible pumps of sophisticated design in the market for the first time may fail to attract the customers. But, if the manufacturing and the marketing agencies take proper steps to make the product popular by making advertisements massively, then it would build a great positive trade environment of this product. That’s why, with the very first launch of acid pumps, the product is popular among its customers group. Though there is no way to deny the fact that this machine is of great use.