Character and types Human Wants

Character of human wants:

1. Wants are limited.

2.All wants cannot be satisfied.

3.Single or particular want is satiable.

4.Wants are competitive.

5.Wants are complementary.

6.Wants are alternative.

7.Wants are recurring.

8.Wants vary in intensity and urgency.

9.Wants vary with person. place and time.

10.Wants may change into habits.

11.Wants are influenced by advertisement.

12.Wants are the result of customs and traditions.

Types of Human Wants:

The wants are classified in to tow types:

1.Primary wants:Primary wants refer to wants for necessaries of life without which man cannot exists.

2.Secondary wants:Secondary wants refer to wants for things over and above the necessaries.