--- title: "Meaning & Key Takeaway of: Demand features – product design…" description: "\"“Demand features – product design, marketing, credit and the consumer society - are central to this process. Demand drives growth while supply expansio..." image: "https://sms4smile.com/quotes/i/cee/edward-a-hudson-13409_economics_demand-features-product-design-marketing_2122990.jpg" --- # Demand features – product design, marketing, credit and… ![“Demand features – product design, marketing, credit and the consumer society - are central to this process. Demand drives growth while supply expansion (from investment and productivity gains) permits growth. As in the rest of economics, demand and supply both are vital and both must be…” quote by Edward A. Hudson](https://sms4smile.com/quotes/i/cee/edward-a-hudson-13409_economics_demand-features-product-design-marketing_2122990.jpg) [Download](https://sms4smile.com/quotes/i/cee/edward-a-hudson-13409_economics_demand-features-product-design-marketing_2122990.jpg) [Open image](https://sms4smile.com/quotes/i/cee/edward-a-hudson-13409_economics_demand-features-product-design-marketing_2122990.jpg) > ““Demand features – product design, marketing, credit and the consumer society - are central to this process. Demand drives growth while supply expansion (from investment and productivity gains) permits growth. As in the rest of economics, demand and supply both are vital and both must be considered. And, by operating at the industry level, the extended theory allows the changing structure of the economy to be explained.”” [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Demand and supply both shape economic growth; understanding their interaction explains structural changes in the economy. **In simple terms:** Both demand and supply drive growth. Key Takeaway Consider both sides when analyzing markets. Themes economics growth market dynamics Mood analytical neutral Type academic economic When to use this quote - business strategy - policy planning - market forecasting Key Concepts demand‑driven growth structural change investment theory Questions to Reflect On - How do demand shocks affect long‑term supply capacity? - What policies balance demand stimulation with supply sustainability? A Different Perspective Focusing only on demand ignores supply constraints and innovation limits. ★ ★ ★ ★ ★ No ratings yet [Demand](https://sms4smile.com/quotes/about/demand/) [Demand And Supply](https://sms4smile.com/quotes/about/demand-and-supply/) [Economics](https://sms4smile.com/quotes/about/economics/) [Marketing](https://sms4smile.com/quotes/about/marketing/) [Product design](https://sms4smile.com/quotes/about/product-design/) ## Related quotes > [Agriculture is one economic activity that does not obey the laws of demand and supply.](https://sms4smile.com/quotes/john-kenneth-galbraith/agriculture-is-one-economic-activity-that-does-not-obey-the-laws-of/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Competition drives growth in the end as opposed to monopolies.](https://sms4smile.com/quotes/dido-harding/competition-drives-growth-in-the-end-as-opposed-to-monopolies/) [Dido Harding](https://sms4smile.com/quotes/author/dido-harding/) > [Young entrepreneurs are the source for American innovation that drives growth in todays economy.](https://sms4smile.com/quotes/anonymous/young-entrepreneurs-are-the-source-for-american-innovation-that/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The…](https://sms4smile.com/quotes/ron-wyden/like-any-business-the-oil-industry-runs-on-the-basic-premise-of/) [Ron Wyden](https://sms4smile.com/quotes/author/ron-wyden/) > [If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has…](https://sms4smile.com/quotes/robert-c-solomon/if-a-currency-is-to-become-a-growing-an-increasing-reserve-currency/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece…](https://sms4smile.com/quotes/alfred-marshall/we-might-as-well-reasonably-dispute-whether-it-is-the-upper-or-the/) [Alfred Marshall](https://sms4smile.com/quotes/author/alfred-marshall/) > [“To be sure, there exists in principle a quite simple economic mechanism that should restore equilibrium to the process: the mechanism of supply and…](https://sms4smile.com/quotes/anonymous/to-be-sure-there-exists-in-principle-a-quite-simple-economic/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge…](https://sms4smile.com/quotes/jeffrey-tucker/here-is-a-principle-to-use-in-all-aspects-of-economics-and-policy/) [Jeffrey Tucker](https://sms4smile.com/quotes/author/jeffrey-tucker/) > [“Talent, just like gold or any other precious commodity is subject to the same demand & supply economics”](https://sms4smile.com/quotes/gyan-nagpal/talent-just-like-gold-or-any-other-precious-commodity-is-subject-to/) [Gyan Nagpal](https://sms4smile.com/quotes/author/gyan-nagpal/) > [“firms do not borrow as much to invest when rates are higher and individuals stop buying durable goods against credit and, instead, turn to…](https://sms4smile.com/quotes/raghuram-g-rajan/firms-do-not-borrow-as-much-to-invest-when-rates-are-higher-and/) [Raghuram G. Rajan](https://sms4smile.com/quotes/author/raghuram-g-rajan/) > [We hear of the wealth of nations, of the powers of production, of the demand and supply of markets, and we forget that these…](https://sms4smile.com/quotes/anonymous/we-hear-of-the-wealth-of-nations-of-the-powers-of-production-of-the/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Creativity is not about making 30 songs in 30 days. It's never about demand and supply. No one can possibly do that.](https://sms4smile.com/quotes/anupam-roy/creativity-is-not-about-making-30-songs-in-30-days-it-s-never-about/) [Anupam Roy](https://sms4smile.com/quotes/author/anupam-roy/) > [There is perhaps no single factor contributing so much to people's frequent reluctance to let the market work as their inability to conceive how…](https://sms4smile.com/quotes/friedrich-august-von-hayek/there-is-perhaps-no-single-factor-contributing-so-much-to-people-s/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [I believe that there is a simple demand and supply rule that works on television. While many are hooked on web series, some enjoy…](https://sms4smile.com/quotes/jasmin-bhasin/i-believe-that-there-is-a-simple-demand-and-supply-rule-that-works-on/) [Jasmin Bhasin](https://sms4smile.com/quotes/author/jasmin-bhasin/) > [“There’s randomness and there’s the demand and supply ratio. And both of these combine to stop the average man from making it big. More…](https://sms4smile.com/quotes/daya-kudari/there-s-randomness-and-there-s-the-demand-and-supply-ratio-and-both/) [Daya Kudari](https://sms4smile.com/quotes/author/daya-kudari/) ## More by Edward A. Hudson > [“Economic growth continued by means of a succession of new products which found growing and ultimately massive demand. Some of the new products were…](https://sms4smile.com/quotes/edward-a-hudson/economic-growth-continued-by-means-of-a-succession-of-new-products/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Sustained growth at 2% a year changes lives. An increase at 2% a year for 150 years increases average incomes by a factor of 16.”](https://sms4smile.com/quotes/edward-a-hudson/sustained-growth-at-2-a-year-changes-lives-an-increase-at-2-a-year/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“England achieved the breakthrough to growth. England’s growth followed from agricultural advances which increased incomes sufficiently that people started to demand more manufactured goods.”](https://sms4smile.com/quotes/edward-a-hudson/england-achieved-the-breakthrough-to-growth-england-s-growth-followed/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“There had previously, such as in Rome and the Netherlands, been growth over one or two centuries but this earlier growth was based on…](https://sms4smile.com/quotes/edward-a-hudson/there-had-previously-such-as-in-rome-and-the-netherlands-been-growth/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Economic growth took place at the product and industry level; growth was driven by demand and enabled by supply expansion.”](https://sms4smile.com/quotes/edward-a-hudson/economic-growth-took-place-at-the-product-and-industry-level-growth/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“growth processes operate at the market level, not the economy-wide level. This requires us to look at growth industry by industry.”](https://sms4smile.com/quotes/edward-a-hudson/growth-processes-operate-at-the-market-level-not-the-economy-wide/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“The result was introduction and adoption of a sequence of new products. These new products started off small but, tapping the huge potential markets…](https://sms4smile.com/quotes/edward-a-hudson/the-result-was-introduction-and-adoption-of-a-sequence-of-new/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“At the industry level this process went, for example, from cotton, tobacco and wheat through railroads and automobiles, household appliances and electrical goods, to…](https://sms4smile.com/quotes/edward-a-hudson/at-the-industry-level-this-process-went-for-example-from-cotton/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“After the 1950s the leading causes of death became heart diseases, cancers and strokes, often known as “lifestyle diseases”. These have proved more difficult…](https://sms4smile.com/quotes/edward-a-hudson/after-the-1950s-the-leading-causes-of-death-became-heart-diseases/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“The development of information technology has taken place through a sequence of innovations, one building on another. Most of these innovations did not occur…](https://sms4smile.com/quotes/edward-a-hudson/the-development-of-information-technology-has-taken-place-through-a/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Woolens were fundamentally different from cottons – advances in cotton processing made cotton goods accessible to everyone, creating a new market whereas advances in…](https://sms4smile.com/quotes/edward-a-hudson/woolens-were-fundamentally-different-from-cottons-advances-in-cotton/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Within this stable and secure environment people had the ability and the incentive to pursue their own economic interests.”](https://sms4smile.com/quotes/edward-a-hudson/within-this-stable-and-secure-environment-people-had-the-ability-and/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Whereas in other countries expansion stopped when an initial advantage had been fully exploited, England moved through a succession of new products and new…](https://sms4smile.com/quotes/edward-a-hudson/whereas-in-other-countries-expansion-stopped-when-an-initial/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“more and better resources going into agriculture allowed food production to increase over the centuries. GDP increased, although along an irregular path, at an…](https://sms4smile.com/quotes/edward-a-hudson/more-and-better-resources-going-into-agriculture-allowed-food/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“per capita incomes scarcely changed; the new production was absorbed in supporting an increasing population. This was not economic growth. The economy expanded, it…](https://sms4smile.com/quotes/edward-a-hudson/per-capita-incomes-scarcely-changed-the-new-production-was-absorbed/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) [Explore all 50 Edward A. Hudson quotes ](https://sms4smile.com/quotes/author/edward-a-hudson/) ## More Demand quotes > [Our times demand the declaration of the world's resources as the common heritage of all people.](https://sms4smile.com/quotes/jacque-fresco/our-times-demand-the-declaration-of-the-world-s-resources-as-the/) [Jacque Fresco](https://sms4smile.com/quotes/author/jacque-fresco/) > [Parents who are stressed or disturbed will have more difficulty in meeting their children's needs. Parents who have little support--from friends, relatives, neighbors, or…](https://sms4smile.com/quotes/sheila-kamerman/parents-who-are-stressed-or-disturbed-will-have-more-difficulty-in/) Sheila Kamerman > [If a person does not listen to the demands of their own spiritual and heart life and insists on a certain program, you're going…](https://sms4smile.com/quotes/joseph-campbell/if-a-person-does-not-listen-to-the-demands-of-their-own-spiritual-and/) [Joseph Campbell](https://sms4smile.com/quotes/author/joseph-campbell/) > [Empires fall, ids explode, great symphonies are written, and behind all of it is a single instinct that demands satisfaction.](https://sms4smile.com/quotes/sherwin-b-nuland/empires-fall-ids-explode-great-symphonies-are-written-and-behind-all/) [Sherwin B. Nuland](https://sms4smile.com/quotes/author/sherwin-b-nuland/) > [My dogs can't do anything--and what a relief. I don't make any demands of them, and I don't try to shape them or their…](https://sms4smile.com/quotes/amy-chua/my-dogs-can-t-do-anything-and-what-a-relief-i-don-t-make-any-demands/) [Amy Chua](https://sms4smile.com/quotes/author/amy-chua/) > [The trouble is. . .that everybody sneers at restrictions and demands freedom, till something annoying happens; then they demand angrily what has become of…](https://sms4smile.com/quotes/dorothy-l-sayers/the-trouble-is-that-everybody-sneers-at-restrictions-and-demands/) [Dorothy L. Sayers](https://sms4smile.com/quotes/author/dorothy-l-sayers/) > [You be greater than your feelings. I don't demand this of you - life does. Otherwise you'll be washed away by feelings. You'll be…](https://sms4smile.com/quotes/philip-roth/you-be-greater-than-your-feelings-i-don-t-demand-this-of-you-life/) [Philip Roth](https://sms4smile.com/quotes/author/philip-roth/) > [Christianity does not oppose debauchery and uncontrollable passions and the like as much as it opposes... flat mediocrity, this nauseating atmosphere, this homey, civil…](https://sms4smile.com/quotes/soren-kierkegaard/christianity-does-not-oppose-debauchery-and-uncontrollable-passions/) [Soren Kierkegaard](https://sms4smile.com/quotes/author/soren-kierkegaard/) > [It is an interesting law of romance that a truly strong woman will choose a strong man who disagrees with her over a weak…](https://sms4smile.com/quotes/roger-ebert/it-is-an-interesting-law-of-romance-that-a-truly-strong-woman-will/) [Roger Ebert](https://sms4smile.com/quotes/author/roger-ebert/) > [If we get better our customers will demand we get bigger.](https://sms4smile.com/quotes/s-truett-cathy/if-we-get-better-our-customers-will-demand-we-get-bigger/) [S. Truett Cathy](https://sms4smile.com/quotes/author/s-truett-cathy/) > [If our faith in God is not the veriest sham, it demands, and will produce, the abandonment sometimes, the subordination always, of external helps…](https://sms4smile.com/quotes/alexander-maclaren/if-our-faith-in-god-is-not-the-veriest-sham-it-demands-and-will/) [Alexander MacLaren](https://sms4smile.com/quotes/author/alexander-maclaren/) > [Money should be ones demand and command one should not become slave of money..](https://sms4smile.com/quotes/melchor-lim/money-should-be-ones-demand-and-command-one-should-not-become-slave/) [Melchor Lim](https://sms4smile.com/quotes/author/melchor-lim/) > [There was no mistake in us making abortion legal and available on demand. That was what we call progress. Just like it was no…](https://sms4smile.com/quotes/mark-ruffalo/there-was-no-mistake-in-us-making-abortion-legal-and-available-on/) [Mark Ruffalo](https://sms4smile.com/quotes/author/mark-ruffalo/) > [Most enjoyable activities are not natural; they demand an effort that initially one is reluctant to make. But once the interaction starts to provide…](https://sms4smile.com/quotes/mihaly-csikszentmihalyi/most-enjoyable-activities-are-not-natural-they-demand-an-effort-that/) [Mihaly Csikszentmihalyi](https://sms4smile.com/quotes/author/mihaly-csikszentmihalyi/) > [Azerbaijan unleashed the war, and was defeated in that war; Azerbaijan asked for truce (including from the Commander of Karabakh's forces) and later started…](https://sms4smile.com/quotes/serzh-sargsyan/azerbaijan-unleashed-the-war-and-was-defeated-in-that-war-azerbaijan/) [Serzh Sargsyan](https://sms4smile.com/quotes/author/serzh-sargsyan/) [Browse all 3,809 Demand quotes ](https://sms4smile.com/quotes/about/demand/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“Demand features – product design, marketing, credit and the consumer society - are central to this process. Demand drives growth while supply expansion (from investment and productivity gains) permits growth. As in the rest of economics, demand and supply both are vital and both must be considered. And, by operating at the industry level, the extended theory allows the changing structure of the economy to be explained.”", "creator": { "@type": "Person", "name": "Edward A. Hudson" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/edward-a-hudson/demand-features-product-design-marketing-credit-and-the-consumer/", "about": { "@type": "Thing", "name": "Demand" }, "@id": "https://sms4smile.com/quotes/edward-a-hudson/demand-features-product-design-marketing-credit-and-the-consumer/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/cee/edward-a-hudson-13409_economics_demand-features-product-design-marketing_2122990.jpg", "contentUrl": "https://sms4smile.com/quotes/i/cee/edward-a-hudson-13409_economics_demand-features-product-design-marketing_2122990.jpg", "url": "https://sms4smile.com/quotes/i/cee/edward-a-hudson-13409_economics_demand-features-product-design-marketing_2122990.jpg", "width": 1080, "height": 1080, "caption": "“Demand features – product design, marketing, credit and the consumer society - are central to this process…” — Edward A. Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Edward A. Hudson", "item": "https://sms4smile.com/quotes/author/edward-a-hudson/" }, { "@type": "ListItem", "position": 4, "name": "“Demand features – product design, marketing,...", "item": "https://sms4smile.com/quotes/edward-a-hudson/demand-features-product-design-marketing-credit-and-the-consumer/" } ], "@id": "https://sms4smile.com/quotes/edward-a-hudson/demand-features-product-design-marketing-credit-and-the-consumer/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```