1.

Distinguish between the Desire and Demand

Answer»
S. No.DesireDemand
(i)Desire simply refers to the mere wish of a person to have a particular commodity.Demand refers to a desire backed by the ability and willingness to pay for a particular commodity.
(ii)A person can desire anything at any point of time. There are no limitations for a desire.There are several limitations affecting demand like ability to pay, willingness to buy etc.
(iii)There is no relation between desire with price, place and time.Demand has relation with price, place and time
(iv)Desire has a wider scope as it includes demand.Demand has a narrow scope as it is a part of desire.


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