Economy, asked by aftabsayyed652, 2 months ago

explain meaning of economics and characteristics of wants

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Answered by am7580867

meaning of economic is the study or principles of the way money, business and industry are organized.

characteristics of wants

And the wants that can be satisfied with goods and services of any kind are economic wants. Like for example food, shelter, clothing, etc are economic human wants. And those which cannot be bought are non-economic wants like peace, love, affection, etc. All human wants to have some basic common characteristics.

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