Question

To satisfy their economic wants, people ______ goods and services.

Answer 1

a) Consume

Step-by-step explanation:

These are options for the question;

a)consume

b) regulate

c) produce

In the concept of economics, consumption which is reffered to as sole purpose of production is the utilization of goods and services for the satisfaction of consumers. It should be noted that consumer conclude on what to consume in order to get their economic want is satisfied.

Human economic wants are numerous, and their is purchasing power by the consumer to get what they want.

Therefore, for people to satisfy their economic wants, people consume goods and services.