GK
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is NOT a classification of Wants
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Necessities
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Luxuries
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Comforts
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Secondary
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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.
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