which of the following is an example of an economic want?
access to healthcare
the newest version of the i-phone
food to eat
a place to live
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All four options can be considered economic wants. However, if you have to select only one option, "the newest version of the iPhone" would be the most appropriate example of an economic want. This is because the desire for the newest iPhone is driven by consumer demand for the latest and most advanced technology, which often goes beyond basic necessity.
1 answer