This Independence day, we get our fashion gurus to elucidate on how khadi-a metaphor of patriotism, continues to be the glam garb.his Independence day, we get our fashion gurus to elucidate on how khadi-a metaphor of patriotism, continues to be the glam garb.
â¢ Demand refers to the quantity of a commodity that people are willing to buy at a given price. â¢ Supply refers to the quantity that manufacturers are willing to produce at a given price. â¢ The price of a commodity is a result of pulls and pushes exerted by demand and supply in an economy. Related posts: 1  Difference Between Macroeconomics and Microeconomics.
In the Keynesian framework, aggregate demand is the sum of consumption demand, investment demand, government demand for goods and services, plus net exports. Aggregate supply is simply total output -- gross domestic product â the total production of goods and services in the economy. Both aggregate demand and aggregate supply are depicted as curves, with the price level on the vertical axis and income and output on the horizontal axis.