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EXTRAVAGANCE
  • a)
    Luxury
  • b)
    Poverty
  • c)
    Economical
  • d)
    Cheapness
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
EXTRAVAGANCEa)Luxuryb)Povertyc)Economicald)CheapnessCorrect answer is ...
As nouns the difference between economy and extravagance is that economy is effective management of the resources of a community or system while extravagance is excessive or superfluous expenditure of money.
As an adjective economy is cheap to run; using minimal resources; representing good value for money
 
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EXTRAVAGANCEa)Luxuryb)Povertyc)Economicald)CheapnessCorrect answer is ...
Explanation:

Extravagance refers to the act of spending money or resources in a wasteful or excessive manner, often on unnecessary or luxurious items. It is the opposite of being economical or frugal. In this context, the correct answer is option 'c) Economical'.

Reasoning:

1. Luxury: Luxury refers to a state of great comfort and extravagant living. It is synonymous with extravagance, but it is not the correct answer in this context as it does not imply being economical.
2. Poverty: Poverty refers to a state of lacking material possessions or financial resources. It is the opposite of extravagance, but it is not the correct answer as it does not imply being economical.
3. Economical: Being economical means being efficient and careful in the use of resources, especially money. It is the opposite of extravagance and the correct answer in this context.
4. Cheapness: Cheapness refers to something that is of low cost or poor quality. While it is the opposite of extravagance, it does not necessarily imply being economical.

Conclusion:

Extravagance is the act of spending money in a wasteful or excessive manner. The correct answer to the given question is option 'c) Economical', as it represents the opposite behavior of being extravagant.
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