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State with reasons whether you agree or disagree with the following statement: All wants can be satisfied at a time. - Economics

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प्रश्न

State with reasons whether you agree or disagree with the following statement:

All wants can be satisfied at a time.

चूक किंवा बरोबर
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उत्तर

I disagree with the given statement.

Reasons:

  1. Human wants are unlimited, and the means to satisfy human wants are comparatively limited.
  2. Unlimited want to compete with each other to be satisfied first.
  3. For example, a person may want a fridge and a TV, or anything else at the same time, but they cannot buy all of them because of limited resources (income). Thus, all wants cannot be satisfied at the same time.
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पाठ 1: Basic Concepts in Economics - Exercise Q.5 [पृष्ठ ८]

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बालभारती Economics [English] Standard 11 Maharashtra State Board
पाठ 1 Basic Concepts in Economics
Exercise Q.5 | Q 1 | पृष्ठ ८
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