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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.
What else can I help you with?
What are the roles of commerce in satisfying human wants?
what are the role of commerce in satisfying human wants
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
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.
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.
How does commerce satisfy human wants?
Commerce satisfies human wants by facilitating the exchange of goods and services that meet the diverse needs and desires of individuals. It creates a marketplace where producers and consumers interact, allowing for the efficient distribution of resources. Through competition, commerce drives innovation and improves product quality, ensuring that consumers have access to a variety of choices. Ultimately, it helps in optimizing satisfaction by matching supply with demand.
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
