Differentiate between individual and Market demand schedule
Differentiate between individual demand schedule and Market demand schedule in law of demand?
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The basic differences between individual demand schedule and Market demand schedule in law of demand are as follows:
An individual demand schedule:It is a list of quantities of a commodity purchased through an individual consumer at various prices.
Market demand schedule:It refers to the total demand for a commodity through all the consumers. This is the aggregate quantity demanded for a commodity through all the consumers in a market.
Production takes place while: (w) resources are transformed within inputs. (x) goods are transformed in raw materials. (y) inputs are transformed to create them more valuable. (z) capital depreciates. Please choose
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