Question

5 to 6 differences between demand and desire

Answer 1

Desire is whatever we wish to have or something we want, but don't have sufficient money or income to afford it.Demand is whatever you wish or want and is affordable with your current income.Example:- X is having Rs. 8,000 and wants to buy a Phone of worth Rs. 10,000. Thid is called desire. (Want something but can't buy.)Y is having Rs. 12,000 and wants to buy the same phone of Rs. 10,000 . This is called demand. (Want something which he can afford within his income)1.9k Views · 1 Upvote