Accountancy, asked by boparailucky, 9 months ago

differentiate between needs and wants

Answers

Answered by Anonymous
1

Answer:

needs vo hai jinki hame jaroorat hai

eg. water

wants vo hai jis ki hame jaroorat nahi par fir hame vo chahiye

eg. Juice

I hope that it would be helpful to you

Answered by nksinha36
0

The following points are noteworthy so far as the difference between needs and wants are concerned:

The term ‘needs’ is defined as an individual’s basic requirement that must be fulfilled, in order to survive. Wants are described as the goods and services, which an individual like to have, as a part of his caprices.

An individual needs are limited while his wants are unlimited.

Needs are something that you must have, in order to live. On the contrary, wants are something that you wish to have, so as to add comforts in your life.

Needs represents the necessities while wants indicate desires.

Needs are important for the human being to survive. As against this, wants are not as important as needs, because a person can live without wants.

Needs are those items, that are required for life and does not change with time. As opposed to, wants are those items, that are desired by an individual either right now or in future. Therefore, wants might change over time.

As needs are essential for life, non-fulfillment may lead to illness or even death. In contrast wants are not essential for living and so non-fulfillment, does not have a great impact on a person’s life, however, disappointment may be there

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