Economy, asked by shamanthym04, 7 months ago

Classification of wants more important or less is called

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Answered by pranavkumbhar66
4

Answer:

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Explanation:

“Man is a bundle of desires.” His wants are infinitum variety and number. Some of his wants are organic and natural.

He must have some food to live, some clothing to cover his body and some sort of shelter to protect himself against the in-clemencies of weather, and also against his enemies. Without these things man’s life would be impossible.

But a civilized man is not satisfied with bare necessaries of life. Even when the problem of bare existence has been solved, the struggle of life remains as keen as ever. The struggle now is for the comforts and joys of life. As man becomes more civilized, his wants multiply. He wants better food, fashionable clothing, comfortable lodging, and so on.All people do not have the same wants. Wants vary from individual to individual. They are relative to one’s social and economic position. They are also the outcome of one’s education, temperament and tastes. The modem man is the product of a long-process of evolution which is reflected in his endless and ever-growing wants.

Characteristics of Human Wants:

A careful study of the nature of human wants snows mat they have some well- marked characteristics.

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