2007-03-08 21:00:18 · 6 answers · asked by rizza d 1 in Social Science ➔ Economics
Private wants are those that come out of the private sector. Basically, private wants are anything that individuals and businesses seek to purchase, whether it be a jet, a can of soup, a building, etc.
Public wants are those that come out of the public sector. Public wants are anything that the government seek to purchase. A particular good can be either a private or public want, as the government can seek to purchase the same types of products that the private sector does. Thus, the want is determined to be private or public based upon who is doing the wanting.
2007-03-09 03:10:13 · answer #1 · answered by theeconomicsguy 5 · 0⤊ 0⤋
Wants Definition Economics
2016-11-05 21:30:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
i've got faith the comparable way. I went to a private college (the super strict Calvinist college, lol) from 2d grade till tenth grade, and the Grammar college software (third by way of seventh) became into an wonderful commencing place. I bear in mind interpreting "A tale of two cities" thrice in seventh grade. If i'm properly off as an person, i'm going to truly deliver my little ones to non-public college from kindergarten by way of seventh grade. After that, i could be open to sending them to a Public college.
2016-12-18 18:33:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Private wants are want an individual would like to obtain in the economy.
Public wants are more related to infrastructure, health care, safety.
Sometimes these cross.
2007-03-09 02:26:42 · answer #4 · answered by Santa Barbara 7 · 0⤊ 0⤋
public wants are those wants which the government or state actually purchases in order to make expenditures for the welfare of people.
2015-11-02 03:13:35 · answer #5 · answered by sweety girl 1 · 0⤊ 0⤋
a family may want a new kitchen or table
2015-08-25 14:08:24 · answer #6 · answered by ? 1 · 0⤊ 0⤋