Question

In economics, want denotes a feeling of ________​

Answer 1

Answer:

possessing some thing

Explanation:

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Answer 2

In economics, want denotes a feeling of ________

'lack of...

appreciation

satisfaction

depreciation

dissatisfaction

The correct answer is :

satisfaction

Explanation :

In economics, want denotes a feeling of ________​  lack of satisfaction.

In economics, want refers to a lack of satisfaction.

Lack of satisfaction refers to the pragmatism that a consumer will start to feel satiated if he uses a product in excess. So the satisfaction he gets from the product will fall. That's why he won't try harder to satisfy his satisfaction because he doesn't need it. Therefore, want in an economy shows a lack of satisfaction.

If the consumer's want is satisfied more than the need, then the want will decrease and the demand will decrease, if his want is not satisfied as per the requirement, then the demand for the product will increase.

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