1. What is buying and selling?
2.What are the differences between needs,wants and demands?
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1. What is buying and selling?
2.What are the differences between needs,wants and demands?
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Answer:
1.Buying and Selling are at the centre of trading strategies that involve 'going long'(buying) on one asset while 'shorting'(selling)another.
2.NEEDS-are things that satisfy the basic requirement.
WANTS-are request directed to specific types of items.
DEMANDS-are requested for specific products that the buyer is willing to and able to pay for.