Economy, asked by aradhya6288, 1 year ago

Logical arrangement of facts on needs and wants.

Answers

Answered by rahulgrover033
1

According the Merriam-Webster Dictionary, a " want " is defined as having a strong desire for something. The word " need " is defined as lack of the means of subsistence. In every arena of life, the two concepts are opposing elements (Merriam-Webster Online).

The principle behind these two basic opposing eliminates is dualism . "Dualism is any theory or system of thought that recognizes two and only two independent and mutually irreducible principles or substances, which are sometimes complementary and sometimes in conflict" (Choudhury 1994).

Similar questions