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.
The law of supply and demand is an economic theory that explains how supply and demand are related to each other and how the relationship affects the price of goods and services. It's a basic economic principle that states that when there is an oversupply of a good or service, prices fall.