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Difference between desire and want in economics? |
Answer» Desire means the will of a person to buy anything which may be is not for his need but only to satisfy his willingness. But want means the need of a person. A commodity that a consumer needs not for his satisfaction but it\'s a need in his life.<br>Desire refers to the wish a person has.Want is a strong feeling of possessing some things.Demand refers to the desire to have a commodity backed by willingness and ability to purchase that commodity at given price during a period of time. | |