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Definition
The needs and wants.
The basic needs and wants
The basic needs are:
-Food
-Clothing
-Shelter
The basic wants are:
-Something you wish to have, for example: luxury car, bungalow and others
Needs
-It refers to an individual's basic requirement that must be fulfilled, in order to survive.
Wants
-They are described as the goods and services, which an individual like to have, as a part of his caprices.
With the above discussion, needs and wants are different.
Needs are essential for survival whereas wants are inessential for survival.
Which is wants?
A. house
B. clothing
C. sport car
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source: time4learning
Attention: please reject my presentation