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
Europeans Wants and needs •want wealth •need shelter
Income usually is firstly concerned with needs, if income covers needs and leaves a surplus that can be used for wants. If income only covers needs wants become dreams.
Needs are things that are essential for living whereas wants are things want that are not essential.
Needs and wants affect ecology by influencing resource consumption and waste production. Meeting our needs sustainably can promote healthy ecosystems, while excessive wants can lead to overconsumption, habitat destruction, and pollution. Balancing our needs and wants can help preserve biodiversity and maintain ecological balance.
reflecting customers needs and wants
It provides products to satisfy your needs and wants.
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.
It depends on the context. Needs are essential for survival and well-being, while wants are more about desires and preferences. In certain situations, prioritizing needs over wants is crucial, but finding a balance between the two is generally ideal for a fulfilling life.
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
to get needs and wants you need to use the natural resources to make them
Europeans Wants and needs •want wealth •need shelter
Needs.
Income usually is firstly concerned with needs, if income covers needs and leaves a surplus that can be used for wants. If income only covers needs wants become dreams.
Needs are things that are essential for living whereas wants are things want that are not essential.