A cell phone is an example of a want. While air, food, and water are basic necessities for survival, a cell phone is considered a luxury or desire that enhances lifestyle but is not essential for basic living.
which of the following is an example of a want?
air
food
water
cell phone
5 answers
economics
goods
services
tools
The objects that can fulfill needs or wants from the options you provided are:
-
Goods: These are tangible items that can be purchased and used to satisfy needs or wants (e.g., food, clothing, electronics).
-
Services: These are intangible activities or benefits provided to fulfill needs or wants (e.g., haircuts, car repairs, educational services).
Tools can also be seen as goods that help fulfill specific needs or wants but are not a standalone category like goods and services.
Economics, on the other hand, is the study of how societies use resources to produce and distribute goods and services and is not an object itself.
So, goods and services are the primary answers to your question.
cell phone reception
books
house cleaning
medical attention
Books are an example of a good. Goods are tangible items that can be purchased and owned.
In contrast:
- Cell phone reception is a service, as it refers to the availability of a telecommunications service.
- House cleaning is also a service, as it involves an activity performed for someone else.
- Medical attention is another service, as it involves healthcare provided by medical professionals.
So, out of the options listed, books are the only example of a good.