failure of demand

USAGE SUMMARY

The phrase "failure of demand" is correct and usable in written English.
It can be used in economic contexts to describe a situation where there is not enough consumer interest or need for a product or service. Example: "The company faced a significant failure of demand for its new product, leading to a reevaluation of its marketing strategy."

✓ Grammatically correct

News & Media

Science

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

The slump in the United States and other advanced economies is the result of a failure of demand — period, end of story.

The New York Times

We have a terrible failure of demand — and Carly Fiorina thinks the key problem is excessive taxes on corporations (our effective rate is actually fairly low).

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

In addition, the down time tc1 shown in the standard is newly defined because it is the basis to get the results of average probability of failure on demand of system architectures and its meaning is not clearly explained.

Reliability Engineering & System Safety

This paper introduces a new development for modelling the time-dependent probability of failure on demand of parallel architectures, and illustrates its application to multi-objective optimization of proof testing policies for safety instrumented systems.

Reliability Engineering & System Safety

For the chemical process industry (CPI), SIL verification often means calculation of average probability of failure on demand (PFDavg) of a SIS.

Journal of Loss Prevention in the Process Industries

In this study, a fuzzy logic and probabilistic hybrid approach was developed to determine the mean and to quantify the uncertainty of frequency of an initiating event and the probabilities of failure on demand (PFD) of independent protection layers (IPLs).

Journal of Loss Prevention in the Process Industries

Subsequently, the paper presents the multi-objective optimization of proof testing policies with genetic algorithms, using this model for quantification of average probability of failure on demand as one of the objectives.

Reliability Engineering & System Safety

The target failure measures, that is, probability of failure on demand, average probability of failure on demand, probability of failing safely, average probability of failing safely, and SIL of safety instrumented systems operating in a low demand mode, are evaluated using the proposed MDBNs.

Reliability Engineering & System Safety

The main purpose of this paper is to develop a set of generalized and simplified analytical expressions for two commonly employed metrics to assess the performance of SIS in terms of safety integrity, namely: the Average Probability of Failure on Demand (PFDavg) and the Probability of Dangerous Failure per Hour (PFH).

Journal of Loss Prevention in the Process Industries

Consequently, the indicators such as Mean Time To Repair (MTTR), Mean Time Between Failures (MTBF), Probability of Failure on Demand (PFD) and Probability of Spurious Trip (PST) are calculated.

Annals of Nuclear Energy

According to IEC 61508 the assessment of the Safety Integrity Level for a safety related system requires the calculation of the probability of failure on demand (PFD).

IFAC Proceedings Volumes

Expert writing Tips

Best practice

When discussing economic downturns, use "failure of demand" to emphasize a systemic issue rather than individual consumer choices.

Common error

Avoid attributing economic problems solely to "failure of demand" when supply chain disruptions or production bottlenecks are the primary cause. A comprehensive analysis considers both sides.

Linguistic Context

The phrase "failure of demand" functions as a noun phrase that typically serves as the subject or object of a sentence. It identifies a condition or problem related to insufficient consumer or market demand. As Ludwig AI confirms, the phrase is valid in English.

Expression frequency: Rare

Frequent in

News & Media

50%

Science

40%

Encyclopedias

10%

Less common in

Formal & Business

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "failure of demand" is a noun phrase that describes a situation where demand is insufficient to sustain economic activity. Ludwig AI confirms the phrase's grammatical correctness and usability. While "failure of demand" is a valid expression, context is key when selecting this over similar terms like "lack of demand" or "insufficient demand". The usage of "failure of demand" is most frequently found in news reports and scientific publications, making it a formal and neutral term. Using precise language when discussing economic challenges ensures clear communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

insufficient demand

Replaces "failure" with "insufficient", highlighting the inadequacy of demand.

lack of demand

Uses "lack" instead of "failure", emphasizing the absence of demand.

demand shortfall

Condenses the phrase into a noun phrase, indicating a deficiency in demand.

inadequate demand

Substitutes "failure" with "inadequate", suggesting that demand is not up to par.

depressed demand

Describes a state where demand is significantly low or stagnant.

weak demand

Highlights the feebleness or fragility of demand.

sluggish demand

Indicates that demand is moving slowly or not growing.

stagnant demand

Suggests that demand is not increasing or changing.

contracted demand

Implies a decrease or reduction in demand.

dwindling demand

Describes demand that is gradually diminishing or decreasing.

FAQs

What does "failure of demand" mean in economics?

In economics, "failure of demand" refers to a situation where there is insufficient aggregate demand in an economy to support full employment and economic growth. This can lead to recessions or economic stagnation.

What are some common causes of a "failure of demand"?

Common causes include decreased consumer spending, reduced investment by businesses, government austerity measures, and external economic shocks. These factors can lead to a downward spiral in economic activity.

How can governments address a "failure of demand"?

Governments can implement fiscal policies such as increased government spending or tax cuts to stimulate demand. Monetary policies, like lowering interest rates, can also encourage borrowing and spending. Additionally, "quantitative easing" is one option.

Is "lack of demand" the same as "failure of demand"?

"Lack of demand" and "failure of demand" are often used interchangeably to describe a situation where there is insufficient demand in an economy or for a specific product. However, "failure of demand" can imply a more significant or systemic issue than a simple "lack of demand".