0
what is the role of commerce in satisfying human needs and wants?
Elizabeth Andrea
Commerce is essential in addressing human needs and wants as it drives economic activity and enables the efficient allocation of resources. Through commerce, individuals can access essential goods such as food, clothing, and shelter, as well as luxury items that enhance their quality of life. Additionally, commerce fosters competition and innovation, leading to the development of new products and services that better meet the evolving needs and wants of consumers.
k.meshack
Add your answer:
Earn +20 pts
What are the roles of commerce in satisfying human wants?
what are the role of commerce in satisfying human wants
What is the role of commerce to satisfying human wants?
The role of commerce to satisfying human wants is to drive the capitalism and distribution of goods and services to consumers. Commerce is the entire process from production to consumption.
What is the importance of capital in satisfying human needs and wants?
when you invest your capital, you create the products which will satisfy human needs and wants you can also be creating needs and wants.. but that's an other story
What is marketing management philosophies?
marketing is human activity directed at satisfying needs and wants through exchange processes
How does production help in satisfying needs and wants?
It provides products to satisfy your needs and wants.
Definiton of satisfying customer needs and wants?
willy
Are wants the means of satisfying needs?
No, wants are not the means of satisfying needs. Needs are essential for survival, such as food, water, and shelter, while wants are desires or preferences that are not necessary for survival. Meeting needs is critical for sustaining life, while wants are more about personal satisfaction or pleasure.
What is commerce and what are aids to trade?
commerce is a branch of human activities which distribute goods and services and full fill human need and wants
What is meant by the term consumer wants?
Wants are options/alternatives available for satisfying a human need. While hunger is a need, demand for bread and rice are the wants.
Classical utility theory?
Classical utility theory is satisfying needs and wants. It is an important concept in the economics and game theory.
The condition under which all economic processes are ultimatly focused upon for satisfying the wants and needs of consumers?
sovereignty novanet
Importance of production in the satisfaction of human and wants?
Maybe the people have needs and according to that needs the human produce to satisfy his own or other human needs.The needs are not food, TV, Clothes, or Drinks etcThe needs are not food but survival of human not clothes but the necessity not T.v but Entertainment so for Satisfying those needs they produce.The wants cannot be satisfied very easily but not the needs.Human Behaviour is changeable according to the generations so this generation is fast so they want fast food fast Internet fast job fast communication and fast transportation.or maybe the wants can be also reach to the Luxuries like i dont want any car but Mercedes. I am not eating food in any Hotel but Intercontinental so wants cannot be specified easily but several company supplies and produces in such a way in such a speed that their customers and consumers gets satisfied of their certain wants
