it basically mean that you would rather have a good job with a normal salary, than a boring job with a high salary
consumption
production
It is called production.
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
Business helps satisfy human needs by producing goods and services that fulfill essential requirements, such as food, shelter, and healthcare. By responding to consumer demands, businesses create innovation and improve quality of life through advancements in technology and convenience. Additionally, they generate employment opportunities, which contribute to economic stability and personal fulfillment. Ultimately, businesses play a crucial role in enhancing overall well-being by addressing both basic and aspirational human needs.
To satisfy human "wants" and not "needs"
To satisfy human needs by working together
consumption
production
Technology
It is a market driven by reasonable market prices that satisfy the needs of the customer.
It is called production.
hi
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
psychological needs;
A hierarchy of needs refers to a psychological theory proposed by Abraham Maslow, which suggests that human motivations are organized in a pyramid structure. At the base are basic physiological needs (like food and shelter), followed by safety needs, social needs (like love and belonging), esteem needs, and finally self-actualization at the top. Individuals must satisfy lower-level needs before they can address higher-level needs. This framework helps to understand how people prioritize their motivations and goals.
how does entrepreneu satisfy community needs