In Pent up Demand Meaning?

Pent-up demand refers to a situation where demand for a service or product is unusually strong. Economists generally use the term to describe the general public's return to consumerism following a period of decreased spending.

Which is the best example of pent up demand?

A situation in which demand for a product rises precipitously. For example, if demand for cell phones has been low, then suddenly jumps and remains high, it may be due to pent-up demand. This may occur following a recession due to increased spending as an economy recovers.

Is pent up demand good?

When the economic uncertainty subsides, consumers purchase at a higher rate because of the pent-up demand for the goods or services. This increased rate of purchase creates a cycle of increased economic activity. Pent up demand is most evident in durable consumer goods.