aggregate demand

TERM OF THE DAY aggregate demand Total level of demand for desired goods and services (at any time by all groupswithin a national economy) that makes up the gross domestic product (GDP). Aggregate demand is the sum of consumption expenditure, investmentexpenditure, government expenditure, and net exports. Learn more about this term Usage Example The country's aggregate demand for oil is consistently higher than for any other good or service. Source: BusinessDictionary.com