Which of the following statements about competition are correct 1 greater demand and ...........

Sociology Preliminary Social processes

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Which of the following statements about competition are correct

1. greater demand and less supply

2. boundless desires

3. small means

4. Defeat of enemy

Choose the correct answer from the codes given below

1, 2, 3

1, 2,3,4

1, 3, 4

2, 3, 4

Explanation:

- The statement "greater demand and less supply" suggests a typical scenario in competitive markets where products or resources are limited compared to the demand.

- "Boundless desires" indicates an economic concept where human desires are unlimited, which can lead to competition as individuals strive to fulfill these desires.

- "Small means" implies limited resources, leading to competition as people compete for what is available.

- "Defeat of enemy" doesn't directly relate to economic competition but can be seen in strategic contexts like military or business rivalries.

Correct Option: Option 1: 1, 2, 3