How non economic wants help promote social welfare?
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The non economic wants help promote social welfare by enhancing the living standards.
Explanation:
- The non-economic wants are those that have practically no applicability in terms of economic values. They are called free gifts of nature as they don't have price or utility. Such as those including the sir, sunlight, and water.
- They play a significant role in the economic growth and social development and of the world. Such as language, government, religion is noneconomic and a product of human capital.
- Development of these resources will lead to the provision of human welfare and will have an impact on the jobs (economic activities) like manufacturing and service industry. They indirectly add value to the economy.
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- brainly.in/question/16553202 answered by EuphoricEpitome.
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