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The Disparity between Needs and Wants - Assignment Example

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Summary

The paper "The Disparity between Needs and Wants" highlights that we all desire to live a better life which is the dream of all the populaces on the planet. However, the increasing population around the globe is making it hard for people to live according to their wishes…

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Subject: Macro & Microeconomics
Type: Assignment
Level: High School
Pages: 1 (250 words)
Downloads: 3
Author: berenice00

Extract of sample "The Disparity between Needs and Wants"

A need is something that is tremendously essential for a human being to survive. It is that thing that people cannot live without; they must have it to stay alive. In addition, it is that one thing that people cannot function without that one thing that people must have. If a requirement is not met, it would probably result at the beginning of a disease (Bomstein and Susan 135). Also, when the need is not met, it leads to a person’s inability to function effectively. The lack of needs also makes it hard for people to purpose professionally in society. Therefore, when the need is not met it can likely lead to death. Normally, needs remain steady through the lifetime of a person.

Conversely, wants are something that an individual wishes to have in life. It can be that thing that a person longs for either right away or in prospect. They are not essential for a person’s survival people can live without wants. Wants normally vary from one individual to another. Every individual has her or his list of wants, all with unreliable levels of significance. In addition, wants can vary over a point in time (Bomstein and Susan 189).

Some examples of needs are; foodie air, shelter, wat, er and clothing. On the other hand, wants are a nice car, traveling abroad, ice cream, a designer t-shirt, and nice shoes. The idea of my choice is based on the necessity and the most desired things by the majority of the people. Read More

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