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प्रश्न
Which of the following statement is not true?
विकल्प
Want is an effective desire
Demand is different from want
Demand is always at a price
In economics, the terms - 'desire' 'want' and 'demand' have the same meanings.
उत्तर
In economics, the terms - 'desire' 'want' and 'demand' have the same meanings.
Explanation:
In economics, the terms 'desire,' 'want,' and 'demand' do not have the same meanings:
- Desire is simply the wish to have something.
- Want is a step beyond desire, where a person wishes to have something and has the willingness to obtain it.
- Demand is a want backed by the ability and willingness to pay for a commodity at a given price.
संबंधित प्रश्न
A list of goods is given below. Stale whether it is fixed capital or circulating capital
- Machines
- Raw material
- Fuel
- Office furniture
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Creeping inflation
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Define supply.
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Distinguish between creeping inflation and running inflation.
Discuss the effects of inflation on Producers.
Give two differences between recurring deposits and fixed deposits.
Printers and ink cartridge are an example of ______ demand.
With the help of a suitable diagram, explain the contraction of supply.
When a straight-line supply curve cuts the y-axis, the elasticity of supply will be ______.
If tea and coffee are substitutes, then bread and butter are examples of ______.
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
______ means a wish to have a commodity or source.
How does demand differ from want?
In economics demand and price have ______ relationship.
