Question

explain on the basis of your experience that a single want is satiable. ​

Answer 1

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Nature of Human Wants. All the desires and aspirations and motives of humans are known as human wants in economics. 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.

Answer 2

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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