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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.
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What is basic wants?
Food,drink, clothing, and shelter.
What is a link between economic wants and preferences?
A link between economic wants and preferences is always the basic needs that are essential for our daily life. Preferences can be made after defining the economic wants and basic needs of the people involved.
What correctly states the basic economic premise?
There are unlimited wants with limitedresources!
What the three basic wants of man?
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What are three basic economic activities?
Thee basic economic activities are; production- is any activity design to satisfy people's wants. consumption- is using up of goods and services to satisfy our wants. exchange- people can satisfy some of their wants by producing some goods and services themselves.
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Activation, persistence, and intensity are the three basic characteristics associated with motivation.
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Organization.
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Basic nature is the name of the characteristics that are shared by the majority of humans.
What are the basic characteristics of viroids?
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What are basic characteristics of human being?
Cognition
Describe the basic characteristics of the renaissance society?
there is no
Visual basic-6 4rth sem question papers?
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What are the qualities and basic characteristics of an enterprise?
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Basic characteristics of face-to-face communication?
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