Economy, asked by suyog636, 2 months ago

Define & Explain Features of wants

Answers

Answered by prachijain1978

2

Answer:

Want is the desire to have a commodity. Wants and their satisfaction have major roles in all economic activities.

The Characteristics of Human Wants are:-

1 Wants are unlimited.

2 Wants vary in natue.

3 Wants differ in intensity.

4 Wants are repetitive.

5 Wants are progressive.

6 Wants are competitive.

7. Wants are also complementary.

8. Wants are satiable.

9. Wants are subjective.

10. Wants change into habits.

Previous Question

Next Question

Similar questions

Art, 1 month ago

is arts and fine arts are same?? is humanities is different from arts?? i want to become a fashion designer what is the best stream...

Computer Science, 1 month ago

i's Which considered a direct entry input device?

Social Sciences, 1 month ago

Write any two meatures of land degradition ...

English, 2 months ago

trembels mining is arth...

Social Sciences, 2 months ago

bank charge a higher interest rate on loan than what they offer on ____.

English, 8 months ago

4) he managed the polities in the South...

English, 8 months ago

6. Which sentence is correctly capitalized and punctuated? In Spain, they take siestas. In Spain they take siestas. In spain, they take siestas. In Spain, they take Siestas.

Science, 8 months ago

Rahul’s family had shifted from their village to a city. But soon his grandfather started having hearing problems and Rahul had to get a device to help his grandfather. What do you think is the cause of this problem? Name the device that Rahul got for his grandfather.