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 Form 1 Business Studies: Satisfaction on human wants online lessons

Reasons why consumers have to make a choice between competing needs.

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Answer Text:
Reasons why consumers have to make a choice between competing needs.
-Consumers have unlimited needs or wants.
-Consumers have different tastes, preferences and priorities.
-Different prices of goods and services required by the consumers.
-Consumers have limited income or resources.
-The government restrictions or policy on buying of goods.


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