Economy, asked by basuarpita121, 9 months ago

wants vary with time place and person justify the statement ​

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Answered by amitsharma001000
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Answer:

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Answered by 60563
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Wants Vary with Time, Place and Person:

Wants are not always the same, nor the same with everyone. Different people want different things and the same man wants different things at different times and in different places.

Wants Vary in Urgency and Intensity:

All wants are not equally urgent and intense. Some wants are more urgent and intense than others. These are generally satisfied first, while others are postponed.

Wants Multiply with Civilization:

As civilization spreads among peoples, their wants also go on increasing. That is why people living in urban areas have more wants than people inhabiting villages. This largely explains why the wants of European and American peoples are generally more numerous than those of the African people. With the advance of civilisation, the demand for radio, cinema, television, motor cars and other modern amenities goes on increasing.

Wants Recur:

Most of the human wants are of a recurring nature. This applies to most of our routine expenditure, especially on food. From day to day and month to month, these wants arise again and again and clamour for satisfaction.

Wants Change into Habits:

If a particular want is regularly satisfied, a person becomes used to it and it grows into a habit. He must then use that particular commodity regularly. That is how young lads often become confirmed smokers and drug addicts.

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