MANAGEMENT

Detailed explanation-1: -Desire backed by the ability to pay and willingness to buy that commodity is called demand.

Detailed explanation-2: -The demand for money explains the desire of people for a definite amount of money. Money is needed to manage transactions, and the value of transactions decides the money people want to keep. The larger the quantum of transactions, the bigger is the amount of money demanded.

Detailed explanation-3: -Explanation: A want or a need turns into a demand just when it is supported by the capacity or the ability to buy. The interest or demand of a product alludes to the craving or desire to purchase the product upheld with the buying power.

Detailed explanation-4: -Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for. In a consumer market examples are usually very clear to identify. A person might have a need for reliable transportation.