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Question
What do you understand by 'desire', 'want' and 'demand'?
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Solution
Desire refers to the wish a person has.
Want is a strong feeling of possessing some things.Demand refers to the desire to have a commodity backed by willingness and ability to purchase that commodity at given price during a period of time.
Desire refers to the wish a person has.
Want is a strong feeling of possessing some things.
Demand refers to the desire to have a commodity backed by willingness and ability to purchase that commodity at given price during a period of time.
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