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प्रश्न
Give an economic term:
A desire which is backed by willingness to purchase and ability to pay.
एक शब्द/वाक्यांश उत्तर
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उत्तर
Demand
Explanation:
Demand is defined as a desire that is backed by the willingness to purchase and the ability to pay. This means that just wanting something isn’t enough; a person must also be ready and able to buy it for it to count as demand in economics.
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