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Through peer pressure and how other people affect each other into wanting that certain item. And possibly if your either financially wealthy or not this can affect your needs and wants.
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∙ 13y ago
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People whose needs and wants are satisfied are called what?
People whose needs and wants are satisfied are called consumers. I HOPE THIS HELPS YOU!!
Process of choosing which needs or wants willbe satisfied?
Economic Decision Making
What are satisfy the unlimited needs wants of the society with limited resources?
Obviously all the needs cannot be satisfied. Rationing would be one solution.
How human wants are satisfied?
Human wants are different than needs but both can bring satisfaction to the person. Satisfactions are different from person to person based on the individual interest or needs. For example, a person could need housing but want a large home. The person would be satisfied with needs being taken care of with any home but have more satisfaction with the large home for pleasure.
How will you choose the economic wants to be satisfied?
i like licking
People whose needs and wants are satisfied are called what?
People whose needs and wants are satisfied are called consumers. I HOPE THIS HELPS YOU!!
Are wants and needs the same According to Maslov?
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.
Process of choosing which needs or wants willbe satisfied?
Economic Decision Making
What are satisfy the unlimited needs wants of the society with limited resources?
Obviously all the needs cannot be satisfied. Rationing would be one solution.
How human wants are satisfied?
Human wants are different than needs but both can bring satisfaction to the person. Satisfactions are different from person to person based on the individual interest or needs. For example, a person could need housing but want a large home. The person would be satisfied with needs being taken care of with any home but have more satisfaction with the large home for pleasure.
What are most public wants satisfied by?
Public wants are typically satisfied by government services, such as healthcare, education, infrastructure, and public safety. In addition, public wants can also be fulfilled by private businesses through goods and services that cater to the needs and desires of society.
Can human wants ever be full satisfied?
no
What are 3 types of decisions that need to be made in economics?
What is the Marginal Benefit? What is the Marginal Cost? At what point does the MB & MC equal out? (All needs & wants satisfied)
How does economics make such comprehensive assessment at the micro level?
because it has a big deal to the demand of particular sociaty that makes thew people satisfied thier needs and wants.
How will you choose the economic wants to be satisfied?
i like licking
According to Maslow's hierarchy-of-needs pyramid love and belonging needs are satisfied after which needs?
The needs of safety
What is the first major decision made in an economy?
how can wants be satisfied
