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Basic Concepts of Economics — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsBasic Concepts of Economics3 Marks
Question
State three characteristics of human wants.
✓

Answer

Three characteristics of human wants are:
(i) Wants are unlimited.
(ii) Wants are competitive
(iii) Wants do change with time, place and person.

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