Edumarz

How will you choose the wants to be satisfied?

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Ans. Wants are limitless, but the resources used to produce goods that satisfy them are limited and scarce. As a result, one must prioritise the desires that provide the most satisfaction. An individual fulfils his or her wants based on his or her needs, satisfactions, and the priority assigned to various wants. Those desires that provide the most satisfaction to the individual and to which the individual has assigned the highest priority will be fulfilled first

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