GENERAL KNOWLEDGE

Detailed explanation-1: -A particular want is satiable: Though human wants are unlimited and all cannot be satisfied at a time, but one particular want is satiable. It can be satisfied sooner or later, if one tries for it and he has the resources to satisfy it. For example, a person may feel hungry or thirsty.

Detailed explanation-2: -In economics, a want is something that is desired. It is said that every person has unlimited wants, but limited resources (economics is based on the assumption that only limited resources are available to us). Thus, people cannot have everything they want and must look for the most affordable alternatives.

Detailed explanation-3: -Wants are unlimited: Human wants are unlimited in number and there is no end to them. Wants vary in nature: Wants differ in intensity: Wants are repetitive: Wants are progressive: Wants are competitive: Wants are also complementary: Wants are satiable: