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Insight into causes and determinants of demandThus, when you study carefully, you may note the differences between the causes of the demand and the determinants of the demand, which at many times is mis-apprehended.To explain it in a very simple way, if elements like purchasing power etc., combines into causes of demand, it becomes determinants of demand. Thus it is like causes of demand might not have any economic reasoning at all, but determinants of demand need to have some valid economic reasoning. |