Question

Which of the following is not the characteristic of human wants?

• A. Human wants are unlimited
• B. Wants are complementary
• C. Wants are competitive
• D. Wants are non-variable

Answer 1

The correct option is D Wants are non-variable

Human wants are unlimited and the resources to meet them are limited and have different uses. This gives rise to all the economic problems.

Human wants are also complementary say for example the want for butter is complementary to the want of bread. Wants are also competitive as they need to be arranged in the order of priority.

The most urgent wants need to be satisfied first. Wants are ever changing and variable. They change with the change in income, status, education, fashion, etc.

Thus, the correct option is D.