Othman (theory of demand)

Othman’s theory of demand explores how consumers decide to buy goods and services based on their preferences, income, and the prices of products. It emphasizes that demand is influenced not just by individual desires, but also by external factors such as market trends and consumer behavior. The theory suggests that with limited resources, consumers aim to maximize their satisfaction by making informed choices, balancing their needs with affordability. Overall, it provides insight into the relationship between consumer choices and market dynamics, helping us understand why demand for certain items fluctuates in different situations.