is the satisfaction of human wants through goods and services.

Exploitation

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Consumption

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Consumerism

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Socialism

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Solution

The correct option is B Consumption
Consumers satisfy their wants by using goods and services supplied by producers and distributors and this is known as consumption.

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Similar questions

Which of the following is/are used to produce goods and services which satisfy human wants?

State True or False. Service is an intangible activity that provides the satisfaction of wants.

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