The differences between want and need are
1. In economics, a want is one step up in the order from needs and is simply something that people desire to have, that they may or may not be able to obtain. Again with those two simple definition, it does not seem like there should be much to talk about but there is. Economic deals with how to allocate scare resources may be needed to meet someone people's need and other people's wants. So we needed to talk about wants and needs. Imagine a farmer of barely. After his harvest he can have two potential customers one that wants to buy his barely in the hopes to make an import beer and the other one that wants to use barely to make bread. Most people, if answering seriously, could acknowledge that bread is more important in a healthy diet that beer. Who does the farmer sell to ? Should the reason someone wants to buy his product matter ? Shouldn't he just sell for the highest price? These are difficult questions about economic differences between want and need.
Need is the idea of survival without it someone would die this include food, water and shelter.
2. Want is a choice. A desire which a person may or may not be able to get what they want. Without it people can survive. Life will continue if a person does not get what they want.
Need is something that a person must have in order to thrive. Without it that person will suffer either physically or mentally.
3. Examples of want, we all need to eat. We need to eat in order to live. But the choice of what to eat leans toward want. We can want pizza for breakfast, lunch and dinner. We can only want to fruits or veggies. We can want to eat caviar or expensive steak. Life will go on though, if we don't get that.
Examples of need, physically we need air, water, food, warmth, rest health. We need shelter and security for safety. We also need confidence, independence, respect, education, control over one's choice. We need family, friends, love and community for relationship. We also need purpose need like growth, mental growth, spiritual growth, place in the world.
4. In economics a need is generally referred to something that is extremely necessary for a person to survive. If a need is not met, it would lead to a onset of disease, the inability to function effectively and efficiently in society, and even death. Needs are categorized into two groups. There are objective or physical needs, and the subjective needs. Objective needs are those that are met through tangible things, or things that could be measured. Example of these include food, water, shelter and air. One their other hand, subjective needs are those that are often seen to ensure our mental health. Examples of these are self- esteem, a sense of security and approval. A political professor, named land Gough, enumerated eleven distinct needs that must be met by each and every human being in order to function well in society, and to survive. The inability of meeting these needs can lead to a person suffering from illness either physically or mentally or even death.
On the other hand, a want is something that a person desires, either immediately or in the future. Unlike needs, wants are those that differ from one person to another. For example, one person may want to own a car, while another person may want to travel to an exotic country. Each person has his or her own list of want each with a varying level of importance. Furthermore, wants can change over a period of time. This is a contrast to needs, which remains constant throughout the lifetime of a person.
5. A need is something that is necessary for person to survive.
On the other hand, a want refers to something that a person desires, either right now or in the future.
6. Wants are desire that are optical, meaning that you still be able to go on living, even if the want is not met.
On the other hand, of a particular need is not met, it could lead to a person suffering from illness either physically or mentally or even death.
1. In economics, a want is one step up in the order from needs and is simply something that people desire to have, that they may or may not be able to obtain. Again with those two simple definition, it does not seem like there should be much to talk about but there is. Economic deals with how to allocate scare resources may be needed to meet someone people's need and other people's wants. So we needed to talk about wants and needs. Imagine a farmer of barely. After his harvest he can have two potential customers one that wants to buy his barely in the hopes to make an import beer and the other one that wants to use barely to make bread. Most people, if answering seriously, could acknowledge that bread is more important in a healthy diet that beer. Who does the farmer sell to ? Should the reason someone wants to buy his product matter ? Shouldn't he just sell for the highest price? These are difficult questions about economic differences between want and need.
Need is the idea of survival without it someone would die this include food, water and shelter.
2. Want is a choice. A desire which a person may or may not be able to get what they want. Without it people can survive. Life will continue if a person does not get what they want.
Need is something that a person must have in order to thrive. Without it that person will suffer either physically or mentally.
3. Examples of want, we all need to eat. We need to eat in order to live. But the choice of what to eat leans toward want. We can want pizza for breakfast, lunch and dinner. We can only want to fruits or veggies. We can want to eat caviar or expensive steak. Life will go on though, if we don't get that.
Examples of need, physically we need air, water, food, warmth, rest health. We need shelter and security for safety. We also need confidence, independence, respect, education, control over one's choice. We need family, friends, love and community for relationship. We also need purpose need like growth, mental growth, spiritual growth, place in the world.
4. In economics a need is generally referred to something that is extremely necessary for a person to survive. If a need is not met, it would lead to a onset of disease, the inability to function effectively and efficiently in society, and even death. Needs are categorized into two groups. There are objective or physical needs, and the subjective needs. Objective needs are those that are met through tangible things, or things that could be measured. Example of these include food, water, shelter and air. One their other hand, subjective needs are those that are often seen to ensure our mental health. Examples of these are self- esteem, a sense of security and approval. A political professor, named land Gough, enumerated eleven distinct needs that must be met by each and every human being in order to function well in society, and to survive. The inability of meeting these needs can lead to a person suffering from illness either physically or mentally or even death.
On the other hand, a want is something that a person desires, either immediately or in the future. Unlike needs, wants are those that differ from one person to another. For example, one person may want to own a car, while another person may want to travel to an exotic country. Each person has his or her own list of want each with a varying level of importance. Furthermore, wants can change over a period of time. This is a contrast to needs, which remains constant throughout the lifetime of a person.
5. A need is something that is necessary for person to survive.
On the other hand, a want refers to something that a person desires, either right now or in the future.
6. Wants are desire that are optical, meaning that you still be able to go on living, even if the want is not met.
On the other hand, of a particular need is not met, it could lead to a person suffering from illness either physically or mentally or even death.
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