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Asked: 2026-10-11T06:01:14+00:00 In:

In the Grade 9 Part 1 Chapter ‘Building Blocks in Economics: The Problem of Choice’, you learnt about wants and needs. Would you prefer spending the money on a want or a need?

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I would strongly prefer spending money on a need first, such as textbooks or essential nutrition. Needs are vital for survival and growth, whereas wants are desires that can be postponed until savings permit.

Class 9 Social Science Part 2 book Solutions

Chapter 5 Managing Your Personal Finances (Social Science 2) Solutions

grade 9 part 1 chapter ‘building blocks in economicsmanaging your personal finances solutions – social science part ii chapter 5social science part 2 chapter 5 managing your personal finances solutionssocial science part 2 chapter 5 question answerwould you prefer spending the money on a want
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    1. I would prioritize spending money on a need rather than a want. Needs represent essentials crucial for survival, health and basic education, such as nutritious food or school books. Wants, being non-essential desires like video games or branded apparel, can be deferred. Fulfilling essential needs first ensures financial security and prevents regret caused by impulsive, non-essential spending.

       

      For more NCERT Solutions of Class 9 Social Science Part 2 Chapter 5 Managing Your Personal Finances Question Answer (2026-27)

      https://www.tiwariacademy.com/ncert-solutions/class-9/social-science/part-2-chapter-5/

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