Question

what is difference between demands and wants​

Answer 1

When an individual wants something which is premium, but he also has the ability to buy it, then these wants are converted to demands. The basic difference between wants and demands is desire. A customer may desire something but he may not be able to fulfill his desire.

Answer 2

Answer:

Explanation:Demand is the quantity of a good that people are willing and able to purchase at various prices in a specified period of time. while a want this is a desire to gain or posses something that a particular person wishes to have.