want

1. PRESENTATION ON :-
WANT

2. MEANING :-
Want is that desire which is that backed by the
ability and willingness to satisfy it.
In ordinary language want & desire are used in
same sense but there is clear distinction between
them.
Desire is conscious longing of a thing.

3. THREE ESSENTIALS OF WANT :-
1. Desire of an article .
2. Ability satisfy it.
3. Willingness to use the means for purchase of that
article.

4. CHARACTERISTICS :-
1. Wants are unlimited.
2. Wants recur (re-emerge).
3. A given want can be satisfied at a point of time.
4. Wants are complementary.
5. Wants are competitive.
6. Wants have alternative means.

5. CLASSIFICATION :-
A. Necessaries
B. Comforts
C. Luxuries

6. A. NECESSARIES :-
Necessaries are those wants which must be satisfied.
The good which are used to satisfy basic needs of
humans.
Eg:- reasonable amount of plain wholesome food,
decent clothing and healthy home surroundings.

7. CLASSIFICATION OF NECESSARIES :-
a) Existence :-
 These are the necessaries which are essential for living.
 Human existence is not possible without fulfilling the
necessaries of existence.
 e.g. Food, water, clothes, shelter, etc.

8. b. Efficiency :-
 These are not as essential as those of necessaries of existence,
but at the same time essential improving the efficiency of an
individual.
 E.g. Nutritious diet, table and chair to student, classroom with
good ventilation, etc.

9. c. Conventional :-
 These are the necessaries, which arise out of customs
or habits.
 The customs prevailing in a society influence the
individuals to follow them.
 E.g. customs like celebration of functions and habits
like smoking, drinking, gambling, etc.

10. B. COMFORTS :-
 Comforts are those which fall between necessaries and
luxuries.
 Man is not satisfies with fulfilling necessaries only.
 The comforts also increase the efficiency.
 E.g. Cushion chairs in classroom, revolving chair in
saloons, fans in house / office.

11. C. LUXURIES
 Luxuries are those which satisfy superfluous wants of
individual.
 These are neither essential for life nor increase the efficiency.
 Luxuries represent wasteful expenditure of the individuals.

12. CLASSIFICATION OF LUXURIES :-
a) Harmless :-
 Expenditure on which will not cause any harm to the individual.
 E.g. well-furnished bungalow, expensive food habit, etc.

13. b) Harmful :-
 These are injurious to the health of the users.
 E.g. alcohol, smoking, etc.
c) Defence :-
 Those which protect the users during the period of
crisis.
 E.g. expenditure on gold ornaments, Jewellery, etc.