ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Food, Clothing, and Shelter are examples of a need or want?
A
Need
B
Want
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -A traditional list of immediate “basic needs” is food (including water), shelter and clothing.

Detailed explanation-2: -Food to eat, clothing to wear, and shelter from the elements. Aside from clothing, food and shelter are the same basic needs that every non-swimming living thing on this planet requires. Without sustenance and a place to sleep and protect oneself from environmental conditions, it is almost impossible to live.

Detailed explanation-3: -Basic needs typically refer to the fundamental support and resources people need to survive. Examples of basic needs include food, shelter, transportation, clothes, clean water, education, mental and physical health, and access to quality health care.

Detailed explanation-4: -The four basic needs of every human being are food, water, clothing, and shelter. These basic things are crucial for the survival and living of human beings.

Detailed explanation-5: -Complete answer: For basic standard living of life, there are few minimum requirements needed to fulfill. Traditionally, food, shelter and clothing were considered as the basic needs. Eventually, education and healthcare were also included in it.

There is 1 question to complete.