Question

Explain the characteristics of human wants.

Answer 1

The characteristics of human wants are as follows:

• Wants are unlimited: Human wants are unlimited and never-ending. When one wants is satisfied another arises. The endless circle of wants continues throughout human life.
• Wants differ with gender: The wants of men and women differ according to their needs.
• Wants differ due to prefernces: Individual habits, tastes, and preferences matter a lot when deciding the wants of people.
• Wants differ with seasons: Human wants also keep changing with seasons. For example. cotton clothes are needed in summer and woolen clothes are needed in winter.
• Wants are recurring: Several humans want arises again and again. For example, want of food, clothing, etc. Whereas, some wants may occur occasionally. 
• Wants differ with age: Human wants and satisfaction differs with age. For example, a toy may satisfy the want of a child but it will not satisfy the want of a college student.
• Wants differ due to culture: Differences in culture influence wants that are related to food, dressing styles, etc.