There is no difference between individual wants and collective wa… - Vidyadip

Question

There is no difference between individual wants and collective wants.

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Answer

No, I do not agree with the statement.

Individual wants refer to those wants which are satisfied at the individual level. While collective wants are those wants that are satisfied at the general level or macro level.
A doctor using a stethoscope is an example of individual wants while people travelling by train or bus is an example of collective want.
Thus, there is a difference between individual wants and collective wants.

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