Question

Distinguish between economic and non economic wants, Give examples

Answer 1

Answer:

Economic wants are normally referred to as the desires which are normally satisfied after taking goods, service or in other cases leisure while on the other hand, Non economic wants are normally human needs which need to be satisfied without involving monetary value or cost.

Answer 2

Explanation:

Economic wants are normally referred to as the desires which are normally satisfied after taking goods, service or in other cases leisure while on the other hand, Non economic wants are normally human needs which need to be satisfied without involving monetary value or cost.