ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Something we would like to have but is not necessary for survival.
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Need
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Want
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Good
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Service
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Explanation:
Detailed explanation-1: -A want is something we would like to have but is not necessary for survival. A good is tangible item and a service is work or labor preformed by someone or something.
Detailed explanation-2: -A “want” is something we desire that is not essential to survival.
Detailed explanation-3: -Entertainment is not a basic need, but a matter of luxury we avail during our free time. Water, food and shelter are all basic needs.
Detailed explanation-4: -We must have food, water, air, and shelter to survive. If any one of these basic needs is not met, then humans cannot survive.
Detailed explanation-5: -Physiological needs include air, water, food, shelter, sanitation, touch, sleep, and personal space.
There is 1 question to complete.