What is the difference between needs and wants?
Answer:
Answer by Student
|
Needs |
Wants |
|
Needs are things that people require to survive |
Wants are things that people desire to have but are not necessary for survival |
|
Influenced by internal factors such as biological or psychological requirements. |
Influenced by external factors such as advertising, peer pressure, values, culture, etc |
|
Examples: food, water, clothing, shelter, health, safety |
Examples : a new smartphone, a vacation, a car, a pizza |
