My father purchased a two wheeler vehicle. This helps to fulfil My travel needs
Answers
Answer:
Letter to Father
Explanation:
Dear Papa,
On my 21 St birthday,this year you have given me a brand new two wheeler scooty.I would like to thank you from the depth of my heart because I needed the scooty to travel to my college and then in future too the scooty would be very helpful to reach my office.
But I Was thinking that the scooty would have been so costly to you.Why did you spend so much on me.How will ever be able to do any good as equal to the love that you and mom keep showering on me?I promise you that once I complete my education then I would like to buy a big car for our family.
Lots of love to you
Your loving daughter
Nithya
The father had limited resource in terms of money and he had to make a choice & hence he had decided to buy a two-wheeler that would take care of his son's/daughter's travel needs. This is an individual want of the person
Explanation:
- Wants is one of the "basic concepts" of "Micro Economics". In other words it refers to as "needs"
- Individuals have a number of desires. However, the crucial factor is making a choice with limited resources.
- It assists in reducing the "levels of scarcity". Nevertheless, it is not possible to completely remove scarcity since people have unlimited wants.
- However, by making the "right choice" it has helped the individual to fulfill his/her basic need of travel. This has facilitated in satisfying that individual wants (means to fulfilling our needs) of travelling with the father purchasing the two-wheeler with his limited resources.
To know more
Human needs and wants are neither uniform in all parts of the world ...
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