Question

1. Which of the following are the example of wants?
(A) Text Book
(B) Shoes
(C) Roads
(D) Computer

Answer 1

Answer:

Text Book

Roads

Computer

Shoes

Answer 2

The wants which cannot be satisfied by such goods and services that can be bought are known as economic wants. For example, want for food, want for book, want for dress etc. To satisfy these wants, a consumer has to spend money.