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New Forms of Money

Wants can be ...

Question

Wants can be satisfied by the consumption of __________ are economic wants.

A

goods

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B

services

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C

goods and services

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D

none of above

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Solution

The correct option is A goods and services
Economic wants refer to the wants that result in monetary gain for the people who are demanding it. Therefore, to have some monetary gain there is need for consumption of some materialistic thing carrying some value for which money can be exchanged for.

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