JCE Commerce & Accounting 26 Practice Questions - Botswana Junior Certificate Examination - Commerce And Accounting (Syllabus 26) Exam

Which of the following best defines a human 'want' as distinguished from a 'need'?

A basic requirement essential for human survival such as food or shelter A desire for goods or services that enhance life comfort but are not essential for survival The total amount of money a consumer spends on basic household groceries A government tax imposed on luxury goods sold in retail outlets

Correct Answer:

A desire for goods or services that enhance life comfort but are not essential for survival

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