GENERAL KNOWLEDGE

GK

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is NOT a classification of Wants
A
Necessities
B
Luxuries
C
Comforts
D
Secondary
Explanation: 

Detailed explanation-1: -Secondary needs are the desires and wants that become important when primary needs are satisfied. Definition (2): Secondary needs are connected with the desire for satisfaction and pleasure of the human being: designer articles or furniture, the high-tech and the newest cell phone, jewelry, a luxury car, etc.

Detailed explanation-2: -Economic and Non-Economic Wants: Economic wants are related to commodities and can be satisfied using money. While non-economic wants are something which money and goods cannot suffice, like peace, affection, etc.

There is 1 question to complete.