221. Describe what else can be used instead of money as a store of value

284 Explain what cost of production means?
The term "cost of production" refers to all the costs that are involved when a company offers a service or manufactures a product. Production costs are comprised of various expenses, including the cost of materials, employee wages, factory maintenance, shipping costs and more.
Here is the formula of calculating cost of production. Total cost of production= Cost of labor Cost of raw materials ie Overhead costs on manufacturing.
Thus, the cost of production of a commodity is composed of two types of costs, i.e., Variable Costs and Fixed Costs, also called Prime and Supplementary Costs respectively.
285 Explain what individual demand means?
Individual demand refers to the demand for a good or a service by an individual (or a household). Individual demand comes from the interaction of an individual's desires with the quantities of goods and services that he or she is able to afford.
Based on the number of consumers, demand is classified as individual demand and market demand. Individual demand implies, the quantity of good or service demanded by an individual household, at a given price and at a given period of time. For example, the quantity of detergent purchased by an individual household, in a month, is termed as individual demand.
286 Explain what aggregate demand means.
Aggregate supply, also known as total output, is the total supply of goods and services produced within an economy at a given overall price in a given period. ... Aggregate supply is usually calculated over a year because changes in supply tend to lag changes in demand.
Aggregate demand is the total amount of goods and services in an economy that consumers are willing to pay for within a certain time period. Aggregate demand is calculated as the sum of consumer spending, investment spending, government spending, and the difference between exports and imports
Government spending covers all of the cash that the government spends domestically during a period. For example, government spending on welfare, social assistance, infrastructure, the military, education, and social services all increase aggregate demand