Question

Wants are recurring in nature examples

Answer 1

Answer:

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Wants are recurring:

There is recurrence of the wants of basic necessities like food and clothing. This may arise in case of comforts and luxuries. For example, the want for food cannot be satisfied once for all. After sometimes one can again feel hungry and wants food.

Answer 2

Wants are recurring in nature. This statement is true.

Explanation:

• Wants can be defined as the desires of living beings.
• These are recurring in nature. Once a particular desire of an individual is completed, he moves on to desiring a completely different thing.
• It is also because a large number of products and substitutes of the same thing are available in the market.
• According to economics, wants are unlimited and cannot be completely satisfied ever.
• For example, a person wants a new device on his birthday. As soon as a new device with better technology is available in the market, he would want that.