what is the difference between command and demand?
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As verbs the difference between demand and command is that demand is to request forcefully while command is to order, give orders; to compel or direct with authority.
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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. ... There are several limitations affecting demand like ability to pay, willingness to buy etc.
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A demand schedule is a table that shows the quantity demanded at different prices in the market. ... The law of demand states that a higher price typically leads to a lower quantity demanded. A supply schedule is a table that shows the quantity supplied at different prices in the market.
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In economics, demand refers to the demand schedule i.e. the demand curve while the quantity demanded is a point on a single demand curve which corresponds to a specific price. It is important to distinguish between the two terms because they refer to totally different concepts.
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An Autonomous demand for a product is one that arises independently of the demand for any other good whereas a derived demand is one, which is derived from demand of some other good. ... On the other hand, the demand for a good that arises because of the demand for some other good is called derived demand.
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A fundamental difference between the command system and laissez-faire capitalism is that, in command systems: the division of output is decided by central planning rather than by individuals operating freely through markets. ... The regulatory mechanism of the market system is: competition.
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As nouns the difference between order and demand is that order is (uncountable) arrangement, disposition, sequence while demand is the desire to purchase goods and services.
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When used as nouns, demand means the desire to purchase goods and services, whereas request means act of (with the adposition at in the presence of possessives, and on in their absence). ... Demand as a noun: The desire to purchase goods and services.
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Quantity Demanded vs Demand In economics, demand refers to the demand schedule i.e. the demand curve while the quantity demanded is a point on a single demand curve which corresponds to a specific price.
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In the demand curve quantity demanded is a function of price. This puts quantity demanded on the vertical axis, and price on the horizontal axis. In the inverse demand curve, price is a function of quantity demanded. This puts price on the vertical axis, and quantity demanded on the horizontal axis.
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the difference between command and instruction is that command is an order, a compelling task given to an inferior or a machine while instruction is (uncountable) the act of instructing, teaching, or furnishing with information or knowledge.
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As nouns the difference between program and command is that program is a set of structured activities while command is an order, a compelling task given to an inferior or a machine.
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A need is something you have to have such as a air, water and food. A want is something you require but don't have to have to survive such as clothing, a car, housing. Demand is to me an ego issue. It is the expectation of how it should be given.
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Think of demand as your willingness to go out and buy a certain product. For example, market demand is the total of what everybody in the market wants. ... Effective Demand: Effective demand refers to the willingness and ability of consumers to purchase goods at different prices.
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As verbs the difference between order and request is that order is to set in some sort of order while request is to express the need or desire for.
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3) What is the difference between an "increase in demand" and an "increase in quantity demanded"? ... An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve.
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demand for a good-relationship between the price of a good and the quantity of that good that's demanded. price of a good goes up quantity demanded tends to drop. Line of demand is a downward slope. Quantity demanded refers to the specific amount of a good that is desired at each given price.