Which of the following is classified as an immaterial want?
Answer Details
"Protection" is classified as an immaterial want. Immaterial wants are non-physical things that people desire, such as security, peace of mind, love, and happiness. Protection refers to feeling safe and secure, and it is not a physical item that can be touched or seen. In contrast, raw materials, machines, and goods and services are all physical items that can be used to fulfill material wants.