Explain why secondary needs cost more than primary needs
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Answer:
primary need is food, clothes, house
secondary need is high reputation ,love affection
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The cost of secondary needs is typically higher than the cost of primary needs because secondary needs are often produced and distributed on a smaller scale and are subject to greater levels of demand, competition, and market speculation. This increased demand and competition drive up the prices of these goods and services. Additionally, secondary needs may be considered a luxury, and as such, manufacturers and sellers may be able to charge a premium for them.
On the other hand, primary needs are often produced on a larger scale and are subject to greater levels of regulation, competition, and technological advancements, which keep prices low. The production of primary needs also often benefits from economies of scale, where the cost per unit decreases as the scale of production increases.
In conclusion, secondary needs are typically considered more of a luxury and are subject to greater levels of market speculation, which drives up the cost, while primary needs are more regulated and subject to greater competition, which helps to keep the cost low.
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