what is want in economics?
Definition of want: Wants may be defined as insatiable desire or need by human beings to own goods or service that give satisfaction.
what this means is that want in real time can be termed as the desire of humans, the things we crave to get knowing that the availability of resources
economic want and the use of scale of preference
what are are basic want and needs in economics
The basic needs of man include: food, housing and clothing. Human needs are many. They include tangible goods like houses, cars, chairs, television set and radio, while the others are in form of services, e.g. tailoring, carpentry, and medical
why do we call human needs as economic want
Human wants or needs are usually described as insatiable because the means of satisfying them are limited or scarce.