QUESTION
State with reasons whether you agree or disagree with the following statement:
All wants can be satisfied at a time.
Options
Agree
Disagree
True or False
Short Note
MCQ
SOLUTION
No, I do not agree with this statement.
Reasons:
(1) Human wants are unlimited and the means to satisfy human wants are comparatively limited.
(2) Unlimited wants to compete among themselves to be satisfied first.
(3) For example, a person may want a fridge and a TV. or anything else at the same time but he/she can not buy all because of limited resources (income). Thus, all wants cannot be satisfied at a time.
