5. How will you choose the wants to be satisfied?
Answers
Answer:
An individual fulfills his/her wants according to his/her needs, satisfactions, and priority attached to different wants. Those wants will be fulfilled first that provides the highest satisfaction to the individual and to which the individual has attached the top most priority.
Answer:
Answer:Our wants are unlimited but the resources in the production of goods that satisfy our wants are limited and scarce .so we have to choose those wants that we want the most . for example, if in an economy there are two commodities ; butter and shirt ;then have to choose which commodity should purchase because of limited resources and scarcity.
Answer:Our wants are unlimited but the resources in the production of goods that satisfy our wants are limited and scarce .so we have to choose those wants that we want the most . for example, if in an economy there are two commodities ; butter and shirt ;then have to choose which commodity should purchase because of limited resources and scarcity.HOPE IT'S HELP YOU........♡