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Liono4ka [1.6K]
3 years ago
10

In 1 or 2 sentences, explain the link between economic wants and preferences.

Business
2 answers:
garri49 [273]3 years ago
7 0
Economic wants are the products want if they had unlimited purchasing power while <span>economic preferences are compared to some goods which may not be necessary to purchase.</span>


andriy [413]3 years ago
4 0
<h3>Answer:</h3>

A connection within economic wants and preferences is regularly the essential necessities that are required for our everyday living. Preferences can be presented later determining the economic wants and primary requirements of the people included.

<h3>Explanation:</h3>

An economy is a field of the generation, dissemination, or business, and consumption of goods and assistance by different factors. Known in its wider sense, The economy is described as a social area that indicates the practices, discussions, and material representations connected beside the reproduction, use, and control of sources. Economic factors can be individuals, corporations, establishments, or governments.

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Explanation:

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