Question

What do you mean by Needs and wants? I need explanation.

Answer 1

hey friend,
need means to helps or helpful or helping someone and wants means to give someone who need and wants it like a beggar needs food to eat and he wants money so he needs and wants.
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Answer 2

Hello!!

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By the term "Needs" , we means those requirements which are extremely essential /necessary for human beings. It may not change in accordance with time. It is extremely essential to a person for his healthy life. If he wouldn't bachieve it, he might suffer, may fall ill and even die.

The basic needs are:- Food , Shelter and house. but now a days 2 more things Education and Health have been added.

Now talk about wants:-

Wants are those desire which a people wish to have. Completion of wants is not necessary . wants of a person increase/ Change over time to time. It is rrpeated in nature. People may feel sad due to not completion but he might not suffer.

Wants of a person increases due to mainly two reasons ..

1. Innovation of new things in market= As much new things are introduced in market , wants of a person got shifted.

2. Growing population= Due to increasing population, people wants to get social respect. so his wants gradually increase over time.

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