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local, state, and federal government
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What are most public wants satisfied by?
Public wants are typically satisfied by government services, such as healthcare, education, infrastructure, and public safety. In addition, public wants can also be fulfilled by private businesses through goods and services that cater to the needs and desires of society.
People whose needs and wants are satisfied are called what?
People whose needs and wants are satisfied are called consumers. I HOPE THIS HELPS YOU!!
Can human wants ever be full satisfied?
no
Are wants and needs the same According to Maslov?
Wants and needs are not the same. According to Mazlow, needs are basic things for human survival and are lower on the heirarchy than wants which can only be satisfied after needs are satisfied.
How will you choose the economic wants to be satisfied?
i like licking
What is the first major decision made in an economy?
how can wants be satisfied
What commandment wants us to be satisfied with your own expressions?
The seventh commandment
What are the characteristics of basic wants?
The recurrent, that is, they occur again and again eg food, clothes. Some wants are complementary as they go with other wants eg petrol is complementary of a car and as socks are to shoes. Other is competitive which means that income is limited; therefore not all wants can be satisfied. They compete with each other to be consumed by the individual. All wants are unlimited; they are never completely satisfied. When one want is satisfied, another takes its place. Wants are also changeable meaning that they can change over time.
Process of choosing which needs or wants willbe satisfied?
Economic Decision Making
What is the differences between public wants and private wants in business?
The main difference between public wants and private wants in business is the key words private and public. Private is personal clientele and their personal needs such as jets, hotels, and restaurants. Public wants are governments costs, marketing, and such.
What is the fundamental fact of life from which all economic problems arise?
wants cannot be satisfied.
What are public wants?
public wants are shared by many people. for example , desire for bridges or schools.
