Question

what is the diffrence between economic wants and non economic wants ?

Answer 1

Hi, please consider the answer given below;

Economic wants are normally referred to as the desires which are normally satisfied after taking goods, service or in other cases leisure while on the other hand, Non economic wants are  normally human needs which need to be satisfied without involving monetary value or cost.

Non-economic wants may include  air or water.

Answer 2

Explanation:

Economic wants are normally referred to as the desires which are normally satisfied after taking goods, service or in other cases leisure while on the other hand, Non economic wants are normally human needs which need to be satisfied without involving monetary value or cost.