In 1 or 2 sentences, explain the link between economic wants and preferences.

A connection within economic wants and preferences is regularly the essential necessities that are required for our everyday living. Preferences can be presented later determining the economic wants and primary requirements of the people included.

An economy is a field of the generation, dissemination, or business, and consumption of goods and assistance by different factors. Known in its wider sense, The economy is described as a social area that indicates the practices, discussions, and material representations connected beside the reproduction, use, and control of sources. Economic factors can be individuals, corporations, establishments, or governments.

answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;