1.

State with reasons whether you agree or disagree with the statements:Human wants change as per the seasons and preferences.

Answer»

Yes, I agree with the statement. 

  • In the economic sense want means a feeling of ‘lack of satisfaction,
  • This feeling enables the person to satisfy his want.
  • Human wants to differ with seasons. 
  • E.g. a person requires woolen clothes in winter and an umbrella in the rainy season.
  • Wants also differ from preferences, i.e. they are influenced by individual habits and tastes.


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