A single want is satiable. Explain with the help of an example
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have these things if he/she has money. If one does not have enough money, then only one
or two of these or none of these could be purchased. Which of our desires are to be
fulfilled depends upon our capacity to pay or purchasing power. That is why not all
desires can be met as we need money to satisfy them. The desires which are backed
by money and willingness to purchase may be called wants. A beggar may desire to have
a car but this desire can not be called a want as it is not backed by adequate money.
However, if a rich man desires to have a car and is willing to purchase it, the desire can
be turned into a want
or two of these or none of these could be purchased. Which of our desires are to be
fulfilled depends upon our capacity to pay or purchasing power. That is why not all
desires can be met as we need money to satisfy them. The desires which are backed
by money and willingness to purchase may be called wants. A beggar may desire to have
a car but this desire can not be called a want as it is not backed by adequate money.
However, if a rich man desires to have a car and is willing to purchase it, the desire can
be turned into a want
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