BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is NOT a feature of Wants
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Recur
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Competitive
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Complementary
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Limited
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Explanation:
Detailed explanation-1: -Answer. Your question’s answer is (d) Necessities.
Detailed explanation-2: -Wants are unlimited: Human wants are unlimited and never-ending. When one wants is satisfied another arises. The endless circle of wants continues throughout human life. Wants differ with gender: The wants of men and women differ according to their needs.
Detailed explanation-3: -Want is the desire to have a commodity. Wants and their satisfaction have major roles in all economic activities. According to Seligman, “The starting point of all economic activities is the existence of human wants. This process extends from birth to death.
There is 1 question to complete.