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meaning of demand

Meaning of Demand

by Economics Live

In day-to-day language, we often consider meaning of demand as desire. Desire means an urge to have something. In Economics, demand means a desire which is backed by willingness and ability to pay. For example, if a person has the desire to purchase a television set but does not have … read more

Categories Micro Economics Tags demand basic concept, demand definition, meaning of demand Leave a comment
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