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Distinguish between desire and demand.

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Detailed Solution

The main difference is that desire is simply a wish for something, while demand is a desire backed by the ability and willingness to pay.

Aspect	Desire	Demand
Meaning	Want or wish for a product	Want for a product with ability to pay
Example	Wishing for a luxury car	Having money and buying the luxury car
Relation to Economics	No effect on market	Forms basis of market demand

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