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What is the importance of capital in satisfying human needs and wants?
Wiki User
∙ 12y ago
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
Wiki User
∙ 12y ago
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Importance of production in the satisfaction of human and wants?
Maybe the people have needs and according to that needs the human produce to satisfy his own or other human needs.The needs are not food, TV, Clothes, or Drinks etcThe needs are not food but survival of human not clothes but the necessity not T.v but Entertainment so for Satisfying those needs they produce.The wants cannot be satisfied very easily but not the needs.Human Behaviour is changeable according to the generations so this generation is fast so they want fast food fast Internet fast job fast communication and fast transportation.or maybe the wants can be also reach to the Luxuries like i dont want any car but Mercedes. I am not eating food in any Hotel but Intercontinental so wants cannot be specified easily but several company supplies and produces in such a way in such a speed that their customers and consumers gets satisfied of their certain wants
House of quality?
A house of quality is a chart similar to a house, describing how much the product is satisfying the customer's needs.
What is the definition of Capital formation?
According to Ragnar Nurkse, "The meaning of 'Capital formation ' is that society does not apply the whole of its current productive activity to the needs and desires of immediate consumption, but directs a part of it to the making of capital goods: tools and instruments, machines and transport facilities, plant and equipment-all the various forms of real capital that can so greatly increase the efficacy of productive effort. The term is sometimes used to cover human as well as material capital. It can be made to include investment in skills, education and health-a very important form of investment." Ragnar Nurkse's definition merely implies the accumulation of material capital and neglects human capital.
What are the Basic Economic Problems?
the basic economic problem is the unlimited wants and needs of human which results to scarcity of resources. what are the needs?-the needs are the things we must posses in order to survive like food,water, clothing,shelter. while the wants are those things that human would like to have in order to improve there status in life. we limited resources that'a why encounter this problem. the economic resources like land, labor,and capital which are the factors if production are insufficient to satisfy our needs and wants.
What are the three basic economic problems?
the basic economic problem is the unlimited wants and needs of human which results to scarcity of resources. what are the needs?-the needs are the things we must posses in order to survive like food,water, clothing,shelter. while the wants are those things that human would like to have in order to improve there status in life. we limited resources that'a why encounter this problem. the economic resources like land, labor,and capital which are the factors if production are insufficient to satisfy our needs and wants.
Rewards of a butchers job?
One is, satisfying the needs of society.One is, satisfying the needs of society.One is, satisfying the needs of society.One is, satisfying the needs of society.One is, satisfying the needs of society.One is, satisfying the needs of society.
Is marketing creating or satisfying needs?
marketing is at the heart of satisfying customers needs
What is marketing management philosophies?
marketing is human activity directed at satisfying needs and wants through exchange processes
What is the importance of vegetables in our diet?
The importance of vegetables in our diet is to help provide the human body with vitamins. The human body needs vitamins in order to function properly.
Define of Maslow's hierarchy of needs?
Maslow's hierarchy of needs is a psychological theory that categorizes human needs into five levels: physiological, safety, love/belonging, esteem, and self-actualization. According to the theory, individuals prioritize fulfilling lower-level needs before moving on to higher-level needs.
What is the importance of chemistry in human needs?
ang aking sa got ay secret hehehehehehe
Definiton of satisfying customer needs and wants?
willy
Is animal behavior based on satisfying physiological needs?
Much of animal behavior is based on satisfying their physiological needs. Some of these behaviors would be finding food and shelter.
How does production help in satisfying needs and wants?
It provides products to satisfy your needs and wants.
What are the four fundamental elements of planned change?
To improve the means for satisfying economic needs of members.To increase profitabilityTo promote human work for human beingsTo contribute to individual satisfaction and social well being
The two central concerns of marketing are?
Discovering and satisfying needs.
Who emphasized that people with unmet needs for safety will not be preoccupied with satisfying their needs for self-esteem?
Abraham Maslow, a psychologist who developed the hierarchy of needs theory, emphasized that people with unmet needs for safety will not be preoccupied with satisfying their needs for self-esteem. This is based on his belief that individuals must address lower-level needs first before they can move on to higher-level needs.
