Human Wants: Elements, Importance and Classification | Consumption Function
Let us make an in-depth study of Human Wants:- 1. Definition of Human Wants 2. Elements of Human Wants 3. Relationship with Economic Activities 4. Importance 5. Classification. Definition of Human Wants: In ordinary sense the word 'desire' and 'wants' are considered as one and there seems to be no difference between the two. But in economics there is difference [...]