Which of the following best defines wants - SS1 Economics Concepts Of Wants, Scarcity, Scale Of Preference, Choice And Opportunity Cost Question
Which of the following best defines wants?
A
The desires or needs of individuals for goods and services that can satisfy their needs or make them happier.
B
The unlimited resources available to individuals to satisfy their needs.
C
The prioritized list of wants or needs that an individual has.
D
The act of selecting one option from several available alternatives.
correct option: a
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