Question

The demand has three essentials ‐ Desire, Purchasing power and________​

Answer 1

Willingness to purchase

Answer 2

Answer:

Willingness to purchase

The demand has three essentials ‐ Desire, Purchasing power and ​willingness to purchase.

Explanation:

Demand implies successful desire or need for an item, which is upheld by the capacity (i.e., cash or purchasing power) and willingness to pay for it."

That is one ought to have the desire and ability to purchase an item and ought to be willing to pay its cost to comprise viable demand for that ware. For example — A poor person's desire for an engine vehicle won't comprise its potential market demand, as he has no capacity to pay for it.