The desire to have a commodity or service is called Want Utility Goods None of these
Question
The desire to have a commodity or service is called
- Want
- Utility
- Goods
- None of these
Solution
The correct term for the desire to have a commodity or service is Want.
Explanation:
- Want refers to the human desire for goods or services that are not necessary for survival but can enhance quality of life.
- Utility represents the satisfaction or benefit derived from consuming a good or service.
- Goods are tangible products that can be purchased.
- None of these does not apply as the correct term is present.
In conclusion, among the options provided, the term that best describes the desire to have a commodity or service is "Want."
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