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Clothes, food and shelter are examples of ______. - Economics

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Question

Clothes, food and shelter are examples of ______.

Options

  • Collective wants

  • Necessaries

  • Comforts

  • Luxuries

MCQ
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Solution

Clothes, food and shelter are examples of necessaries.

Explanation:

Because they are basic essentials required for human survival and well-being.

These are the minimum items that satisfy fundamental human needs. 

They are neither luxuries nor comforts, but essential for living a decent life.

  • Collective wants refer to wants shared by a large group or society e.g., public parks, roads.
  • Comforts are things that make life easier or more pleasant, beyond basic necessities.
  • Luxuries are non-essential items that provide pleasure and status.

Thus, clothes, food and shelter fall under necessaries as they fulfill fundamental human needs for survival and health.

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Chapter 3: Basic Concepts of Economics - QUESTIONS [Page 47]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 3 Basic Concepts of Economics
QUESTIONS | Q 4. | Page 47
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