QUESTION
Answer the following :
Explain the characteristics of human wants?
SOLUTION
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 : The taste, habit, preference, etc. of a person differ from others. So wants to differ with the preference.
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 their 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.
