Which term refers to the power to use goods and services in the satisfaction of wants and needs?

Question

Quizplus · Accepted Answer

The term that refers to the power to use goods and services in the satisfaction of wants and needs is capacity to consume. The other options do not accurately describe this concept. Choice A, capacity to buy, refers to the ability to purchase goods and services, but does not necessarily imply their use or consumption. Choice B, capacity to use, is too general and does not specifically address the satisfaction of wants and needs. Choices D and E, capacity to need and capacity to want, are not widely recognized economic terms and do not accurately describe the power to consume goods and services.

Which Term Refers to the Power to Use Goods and Services