+2 votes
in Class 12 by kratos

Distinguish between the ** and Demand

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+2 votes
by kratos
 
Best answer

| S. No. | Desire | Demand |
| (i) | ** simply refers to the mere wish of a person to have a particular commodity. | Demand refers to a ** backed by the ability and willingness to pay for a particular commodity. |
| (ii) | A person can ** anything at any point of time. There are no limitations for a **. | There are several limitations affecting demand like ability to pay, willingness to buy etc. |
| (iii) | There is no relation between ** with price, place and time. | Demand has relation with price, place and time |
| (iv) | ** has a wider scope as it includes demand. | Demand has a narrow scope as it is a part of **. |

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