Which type of wants are derived from other primary wants?

Prepare for the SACE Stage 2 Economics exam with a comprehensive quiz. Study through flashcards and multiple-choice questions, each featuring hints and explanations for thorough understanding. Get ready for your exam!

The correct answer is that complementary wants are derived from other primary wants. In economics, primary wants refer to the basic necessities of life, such as food, shelter, and clothing. When these primary wants are satisfied, other wants emerge that relate to enhancing or fulfilling those primary needs further. Complementary wants arise when fulfilling one want leads to the desire for additional goods or services that enhance or complete the initial purchase.

For example, if a person purchases a car (a primary want), they might then develop complementary wants for fuel, maintenance services, or car accessories. The relationship between the primary want and these additional wants highlights how satisfying a need can often lead to the emergence of further desires that are directly linked to that initial satisfaction.

Other options may not capture this concept accurately, as secondary wants typically refer to additional desires that are not necessarily dependent on primary wants, while supportive and auxiliary wants do not have established definitions in the context of economics that align with derived wants. Thus, complementary wants aptly describes the relationship between derived wants and primary needs.

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