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Reasons for choice When Satisfying Human Wants

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Reasons for choice When Satisfying Human Wants

Question

State four Reasons why choice should be made in satisfying human wants.

Answer

- Because resources available for satisfying human wants are limited.
- Because human wants vary in urgency and intensity.
- Because there is variation in Tastes and preferences of human wants.
- Because human wants are too many to be satisfied at once.
- Human wants are unlimited
- Goods and services have different prices
- Influence from many advertisements
- Because human wants are competitive.