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this is a good question. I've always heard others say i have everything i need and nothing i want. which has lead me to beieve that needs are necessary( shelter, food, clothing, water ect.. And wants were things that are desired. thank you gena.
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∙ 16y ago
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What is the difference between needs and wants?
Needs are things that are essential for living whereas wants are things want that are not essential.
Why cannot people fulfill their wants?
different people have different needs and wants. this means that peoples wants and needs are differrent due to SIT- Skills, Income and Time.
What is a link between economic wants and preferences?
A link between economic wants and preferences is always the basic needs that are essential for our daily life. Preferences can be made after defining the economic wants and basic needs of the people involved.
What are different factors that can influence the needs and wants of people?
. Age, gender, occupation are the main factors which influence our needs and wants. Socio-economic status would also affect a persons wants.
What term is used to describe the difference between limited resources and wants and needs?
scarcity
What is the difference between needs and wants?
Needs are things that are essential for living whereas wants are things want that are not essential.
What is the different between want and wants?
what is the difference between want and wants
What are the needs and wants of Australians?
Because Australians are the same as everybody else on the planet, and everyone is different, it is impossible to say what their needs and wants are.
Why cannot people fulfill their wants?
different people have different needs and wants. this means that peoples wants and needs are differrent due to SIT- Skills, Income and Time.
What is different between supply and demand?
Demand is the pressure that we put on the environment is order to meet our needs and wants but Supply is the resources that are taken from the environment.
What is a link between economic wants and preferences?
A link between economic wants and preferences is always the basic needs that are essential for our daily life. Preferences can be made after defining the economic wants and basic needs of the people involved.
What is the Difference Between Customer Wants and Needs in a Market?
nothing
How people satisfy their wants and needs by managing their limited resources?
People satisfy their wants and needs by making choices on how to allocate their limited resources such as time, money, and energy. This involves prioritizing between different needs and wants, budgeting resources efficiently, and making trade-offs to maximize satisfaction. By managing their resources wisely, individuals can work towards fulfilling their needs and achieving their desired outcomes.
What are different factors that can influence the needs and wants of people?
. Age, gender, occupation are the main factors which influence our needs and wants. Socio-economic status would also affect a persons wants.
What term is used to describe the difference between limited resources and wants and needs?
scarcity
What is the distinction between economic wants and economic needs?
economic wants is something the economy wants as an extra An economic need is something wither a object or servise for the economy to survive! Hope this helps! :)
What is the difference between wants and needs?
"Needs" are the requirements for a viable existence : food, water, shelter. "Wants" may be defined as a desire for goods which are not necessary for survival, but which would provide comfort or pleasure.
