ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A brand new toy in the store is an example of a
A
Need
B
Want
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -A toy or plaything is an object that is used primarily to provide entertainment. Simple examples include toy blocks, board games, and dolls.

Detailed explanation-2: -A toy is an object that’s made for a child to play with. Your favorite childhood toy might have been a dollhouse, a stuffed animal, or a set of blocks. Some toys are specifically designed for play, like a small wooden train set or a baby’s shape sorter.

Detailed explanation-3: -A toy store or toy shop is a type of retail business specializing in selling toys.

Detailed explanation-4: -The building today is home to a tea shop, a toy shop and a gift shop. He worked both in a toy shop, and in a publishing house. He apprenticed for a toy shop, where he painted the faces onto dolls. After having been unboxed, they discover themselves in a toy shop where they befriend a toy elephant and toy seal.

There is 1 question to complete.