Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Human Needs vs. Wants

No description

Jaspreet Dhani

on 25 September 2013

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Human Needs vs. Wants

Human Needs vs. Wants
Concept of Needs and Wants
What is a human need?
Human need is a certain commodity we need to have in order to survive. It is essential for everyday life for humans,
Ex: Food - if you dont eat food, we cannot survive too long even though you might be able to go days without food but eventually will need it.
The poverty line is also defined as the amount of income required to satisfy those needs.
What is a human want?
Human wants are certain commodities that we desire to have but are not necessary for our survival.
Ex: Glamourous trips, shopping malls, designer clothes - we do not need these to survive in our daily life but we do need food.
Which one is a need...which one is a want?
All the goods and services can be categorized into needs and wants.
Needs are necessities.
Wants are desires.
Not all needs and wants can be satisfied with the resources available therefore we call this scarcity.
However, does that mean that you should only buy the things that you need? Not at all. Life is meant to be lived, not survived. Treat yourself to some wants along the way, but do so when you can afford to, and enjoy those wants!

One of the most principle concepts in economics.

Categorises goods and services into two different categories of needs and wants.
State whether a need or want
A Girl's Best friend!
Naaaa...you dont need these!
"Our necessities never equal our wants."
(Benjamin Franklin)
Full transcript