A need is something that you will die or become sick without. Needs include food, water, air, and shelter.
A want is something that would make your life nicer, but that is not actually needed to stay alive and healthy.
Therefore, you want things that are needed, but you also want things that are not needed -- so all needs are wants, but not all wants are needs.
No, it is not true that when wants are supported by purchasing power it becomes needs. Needs are items that have to be purchased, wants are items that are desired.
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
Obviously all the needs cannot be satisfied. Rationing would be one solution.
Europeans Wants and needs •want wealth •need shelter
Scarcity is the fundamental economic problem of having seemingly unlimited human needs and wants, in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. ...
reflecting customers needs and wants
It provides products to satisfy your needs and wants.
Marketing is the process of identifying needs and wants and then deliver to the final consumer.
No, it is not true that when wants are supported by purchasing power it becomes needs. Needs are items that have to be purchased, wants are items that are desired.
Wants and needs are not the same. According to Mazlow, needs are basic things for human survival and are lower on the heirarchy than wants which can only be satisfied after needs are satisfied.
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
Obviously all the needs cannot be satisfied. Rationing would be one solution.
Good parenting is when the parent cares for all of the child needs and wants.
they can die if they don't get all of there needs or wants or food
true
to get needs and wants you need to use the natural resources to make them
Europeans Wants and needs •want wealth •need shelter