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A Demand Analysis — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsA Demand Analysis2 Marks
Question
Demand and Aggregate Demand.
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Answer

Demand:

  1. Demand is a micro concept.
  2. It refers to that quantity of a commodity which a person is ready to buy at a particular price and during a specific period of time.

Aggregate Demand:

  1. Aggregate demand is a macro concept.
  2. It refers to the total amount of sales proceeds which an entrepreneur actually expects from the sale of output produced at a given level of employment during the year.

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