Acharya Mahaprajna
Economics advocates the principle of increasing wants for economic progress. While some economists support this openly, some others are not in favour of supporting it openly. In support of increasing wants, the following arguments are advanced:
- With increase in wants (and their satisfaction) man gets maximum happiness and satisfaction.
- Increase in wants is helpful in the development of culture and improvement in the Standard of living
- Increase in wants leads to creation of more wealth
- With increase in wants, the economic position of the state becomes stronger, as a result of which the state becomes militarily powerful and self-reliant in its own defence.
