Explain the characterstic of human wants
Answers
Answer:
The nature of human wants varies depending on several parameters. These further describe the characteristics of human wants. Some of the characteristics are as follows.
Iterative Wants: Some commodities are required on a daily basis. These include food, water, and others. These fall under iterative wants. However, these vary from person to person. Example: Some need to take medicines on a regular basis, others don’t.
Variation of Wants with Age: Adults have completely different wants from that of kids. While a 25-year old wants a stable job and life, a 2-year old is satisfied and happy with toys.
Gender Wants: Depending on their needs, likes, and dislikes, gender plays an essential role along with age. Example: Often girls would want fancy clothing, and boys will want to ride a bike.
Geographic Variation Wants: For those living in northern parts, they would have a good room heater while for those living in desert lands would want an AC. Geography plays an important role in what people want and why.
Wants vary with Health: Those who are fit, do not require any medicines, but for the unfit ones, hospitals and good nutrition are a want.
Endless Human Wants: Wants are ever-increasing at par with innovation and technology. Humans never get satisfied. The more you provide, the more they will consume and want
Answer :
Wants are unlimited : Humans wants are unlimited and never ending. When one wants is satisfied another arises. Wants differ with gender. The wants of men and women differ according to their needs. Wants differ due to prefernces : The taste, habbit, prefernces, etc.
Explanation:
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