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