Economy, asked by saloni5892, 10 months ago

Q.5. State witfr reasons whether you agree or disagree
with the following statements :
1) All wants can be satisfied at a time.
2) Human wants change as per the seasons and
preferences.
3) Value-in-use and Value-in-exchange are the
same.​

Answers

Answered by darling92
32

Answer:

1.no

2.yes

3.no

Explanation:

because all are problems are not solved at a time.

2.yes of course human will change according to their mind set what they want

3.value in use and exchange will not be same it will change according to the situations

Answered by presentmoment
17

1) All wants can be satisfied at a time.  

Disagree.

  • All the wants of the individual cannot be satisfied at a time as the resources are limited based on affordability, accessibility, and availability.
  • For instance, a child wants to meet his friend who stays in Mumbai, wants to eat chocolates and visit Kashmir at one time. But all his wants cannot be fulfilled at a time.

2) Human wants change as per the seasons and preferences.  

Agree.

  • As human beings, one can never be satisfied to consume the same things all the time.
  • Humans appreciate the change in items based on seasons and preferences as the utility of things vary and individuals need options to choose.
  • For instance, woolens cannot be used in summers and watermelon tastes delicious in summer only.

3) Value-in-use and Value-in-exchange are the same.

Disagree.

  • Both are different things. Value-in-use is the amount associated with the use of things.
  • Even if the thing is old, if it is in use then the value associated with it is high.
  • However, value-in-exchange is the amount associated with a thing that can be exchanged with the thing in use so that the utility of the things is maintained.

Learn more about Human wants:

Explain the characteristics of human wants

https://brainly.in/question/12769063

Human wants change as per the season and preferences

https://brainly.in/question/11736284

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