ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Things that you use for your survival are called
A
needs
B
wants
C
resources
D
factors of production
Explanation: 

Detailed explanation-1: -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-2: -Physiological needs include air, water, food, shelter, sanitation, touch, sleep, and personal space. As humans have evolved to interact in community settings, both hunting and gathering in groups, touch-as in a caring caress-is often considered a basic human survival need.

Detailed explanation-3: -Basic survival needs include sanitation and sewage, pest control, clean air and water, tobacco reduction, diet and nutrition, essential medicines and vaccines, and functioning health systems.

Detailed explanation-4: -Living things need need air, water, food and shelter to survive.

There is 1 question to complete.