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Culture and individual personality shape human needs into wants What transforms wants into demand?
Wiki User
∙ 14y ago
First of all, culture and individual personality alone does not shape human needs into wants there are also many other factors for it. In a capitalist economy, there is more competition between the companies to earn profit and so they make their products to attract more and more consumers for their product and certainly people will stick to their product or an particular brand of the product. And this certainly makes the people addict to the product and becomes essential for their lifestyle in the world. Now at this time, the need for that particular product or an any commodity which is essential for one's life becomes a needy thing for him and in this case it becomes as a demand in the market. This is how the wants transforms into demand.
Wiki User
∙ 14y ago
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What the primary difference between aggregate demand curve and individual demand curve?
aggregate demand curve is the total sum of all the individual demand curves while individual demand curve is the demand made by the single individual.
What is individual demand and market demand?
Individual demand is the demand of one individual consumer in the market for a good or service.Market demand is the total combined demand of all consumers in the market for a good or service.
What is individual demand schedule?
individual demand schedule is list of a individual person ready to buy in various level price is called individual demand schedule
Intuitive derivation of individual demand curve using marginal utility?
how is a demand curve derived from individual demand curve ?
What is the difference between individual demand curve and market demand?
The market demand gives the total quantity demanded by all consumers. The individual demand is the demand of one individual or firm.
What the primary difference between aggregate demand curve and individual demand curve?
aggregate demand curve is the total sum of all the individual demand curves while individual demand curve is the demand made by the single individual.
What is individual demand and market demand?
Individual demand is the demand of one individual consumer in the market for a good or service.Market demand is the total combined demand of all consumers in the market for a good or service.
What is individual demand schedule?
individual demand schedule is list of a individual person ready to buy in various level price is called individual demand schedule
Intuitive derivation of individual demand curve using marginal utility?
how is a demand curve derived from individual demand curve ?
What is the difference between individual demands and markets demands?
The market demand gives the total quantity demanded by all consumers. The individual demand is the demand of one individual or firm.
What is individual demand?
Indivdual demand means, every individual consumer choice. it means what he\she wants they will go to purchase that commodity, this activity be comes in economics inkividual demand
What is the difference between individual demand curve and market demand?
The market demand gives the total quantity demanded by all consumers. The individual demand is the demand of one individual or firm.
Is individual demand curve and market demand curve same for identical consumers?
NO
Definition of individual demand?
All the possible combinations of price and quantity of a good or service that an individual would desire based on his/her view of the utility gained from the consumption of this good or service
The horizontal sum of all individual demand curves is known as?
The MArket Demand Curve
What is the derivation of an individual demand curve?
income
The causes for difference of pop and folk culture?
This could cause folk culture to diffuse by the amounts of popular culture in demand
