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Question
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: Individual habits, tastes, and preferences matter a lot when deciding the wants of people.
- 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 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.
- Wants differ due to culture: Differences in culture influence wants that are related to food, dressing styles, etc.
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