Thursday, October 22, 2009

Needs & Wants

Needs-a state of felt deprivations that include basic physical needs such as food,clothing,etc...and social needs for love and affection,etc....

Wants-a tanglible transformation from needs that is influence by culture and personality. Example:chinese vs western food. They are simply the objects that meet the needs.

Demands-wants that are backed up by ability and willingness to buy the goods/service.-->meaning to say for 'WU $$ LANG'

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