Question

Introduction of needs and wants

Answer 1

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here is ur answer....

One important idea in economics is that of needs and wants. Needs would be defined as goods or services that are required. This would include the needs for food, clothing, shelter and health care. Wants are goods or services that are not necessary but that we desire or wish for.

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Answer 2

Needs are the necessary and basic things that are required

Wants are the things that a person wants to have

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