ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wants
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Goals
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Opportunity Costs
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None of the above
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Detailed explanation-1: -Often, we want things not because of their physical manifestation but because of the way we think having those things will make us feel. For example, we may want a significant other to feel loved, or a fancy house to feel successful. Spend some time thinking about why you want what you want.
Detailed explanation-2: -Once we have food, water and shelter we must feel safety, belonging and mattering. Without these 3 things humans crave we can not get in their smart state.
Detailed explanation-3: -Maslow’s theory was that people progress through five general stages in the pursuit of what they want: physiology, safety, belongingness/love, esteem, and self-actualization.
Detailed explanation-4: -Desire #1: Power. End Goals: Achievement, competence, leadership. Desire #2: Independence. End Goals: Freedom. Desire #3: Curiosity. End Goals: Knowledge, truth. Desire #4: Acceptance. Desire #5: Order. Desire #6: Saving. Desire #7: Honour. Desire #8: Idealism. More items •30-Nov-2020