Difficulties in satisfying human wants

Commerce study Manual STUDY MANUAL|PDF NOTES|SYLLABUS|REVISION

Although human wants are there to satisfy man with lives requirements, it is not always possible to have them this is because;

  • They are too many and new ones keep cropping up.
  • Resources to satisfy them are never enough (limited).
  • They are repetitive hence people will always strive for more resources.
  • They continually change with time and other factors like age and gender.
  • Some are habitual making life unbearable without them.
  • Due to scarcity of resources, a problem of deciding which want to satisfy first with scarce resources arise.



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