Needs and Wants

by 022339 on October 3, 2011

The needs and wants of people

Businesses feed of this topic. Its safe to say that business can be classified into selling needs or wants. Charities give needs to the needy free of charge. Organizations that sell food can be sometimes be classified as a need. A want could be say a company that sells books. Sure, you may want a book however, it is unlikely such a book would be classified as a need.

Which organizations do better? Well, its unlikely you would buy a surplus of clothes, whereas a organization that sells electronics may have a higher profit margin.

Needs can include, warmth, shelter, clothes, food, and sometimes hygiene

Wants can be pretty much anything else a human would want that is not a need

{ 3 comments… read them below or add one }

022245 October 7, 2011 at 2:25 pm

Good job on including the examples of needs and wants. Good information and description on the difference between the two terms.

090204 October 3, 2011 at 7:14 pm

Sorry, I pushed the submit by accident.
You were very specific on the needs and wants, and you seem to know what you’re talking about!

090204 October 3, 2011 at 7:13 pm

Maybe you should consider:

1. How does what I have learned help me to answer the guiding question?
How does what I have learned connect with what I have learned previously?

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