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State with reason whether you agree or disagree with the following statement: Human wants change as per the seasons and preferences. - Economics

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Question

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

Human wants change as per the seasons and preferences.

True or False
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Solution

I agree with the given statement.

Reasons:

  1. Humans want change according to seasons, tastes, and preferences.
  2. Human wants vary with seasonal changes. For example, a person may want an umbrella during the rainy season but prefer woollen clothes in winter.
  3. Individual tastes, habits, and preferences also determine a person’s wants. For instance, an office-goer may prefer formal clothes, whereas college students may prefer casual clothing.

Thus, wants change based on seasons and personal preferences.

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Chapter 1: Basic Concepts in Economics - Exercise Q.5 [Page 8]

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Balbharati Economics [English] Standard 11 Maharashtra State Board
Chapter 1 Basic Concepts in Economics
Exercise Q.5 | Q 2 | Page 8
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