Question

How will you choose the wants to be satisfied?

Answer 1

An individual fulfills his/her wants according to his/her needs, satisfactions, and priority attached to different wants. Those wants will be fulfilled first that provides the highest satisfaction to the individual and to which the individual has attached the top most priority. Further, the choice of want also depends on the need of the hour and availability of the goods and also on the availability of means (money) to realise a particular want. Thus, depending on all these conditions, we can say that an individual having a sufficient budget will fulfill a particular need that would fetch him/her the highest possible satisfaction.