ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is a want?
A
A person
B
Something you would like to have but don’t need to live
C
Purple
D
Something you need to live
Explanation: 

Detailed explanation-1: -Air. Your life would be very short and very uncomfortable without air. Then, water and food. Next, clothing.

Detailed explanation-2: -We live because there are people who love us, and people we love back. We live because we want to find out things, and learn, and become able to do things that we would like to do. We live because others want us to, and we want them to live along with us. We live because we have hope, and want to see what happens next.

Detailed explanation-3: -Food. Food is the basic source of energy and one of the most immediate requirements for day to day survival. Drinking Water and Sanitation. Healthcare. Shelter. Education. Access to Information. 10-Jul-2019

Detailed explanation-4: -HAPPINESS. In survey after survey on what people want out of life, “happiness” consistently ranks as the number one popular “want”. – 4. GOOD FAMILY RELATIONSHIPS, FRIENDS AND HARMONY. MEANINGFUL WORK. TO LEAVE A LEGACY. HOPE. PEACE OF MIND. FULFILLMENT: 09-Apr-2019

There is 1 question to complete.