1. In short, needs are things that satisfy the basic requirement. Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for.
2. A man must have food, water, air, and shelter to survive. If any one of these basic needs is not met, then he cannot survive.
Answers & Comments
Answer:
1. In short, needs are things that satisfy the basic requirement. Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for.
2. A man must have food, water, air, and shelter to survive. If any one of these basic needs is not met, then he cannot survive.
Explanation:
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