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When wants are supported by purchasing power do they become needs?
No, it is not true that when wants are supported by purchasing power it becomes needs. Needs are items that have to be purchased, wants are items that are desired.
How does income limit wants?
Income usually is firstly concerned with needs, if income covers needs and leaves a surplus that can be used for wants. If income only covers needs wants become dreams.
Why are all needs wants but not all wants are needs?
A need is something that you will die or become sick without. Needs include food, water, air, and shelter.A want is something that would make your life nicer, but that is not actually needed to stay alive and healthy.Therefore, you want things that are needed, but you also want things that are not needed -- so all needs are wants, but not all wants are needs.
How do businesses satisfy needs and wants?
needs are essential to ones survival, while wants merely express a desire for something which could over time, help to satisfy a need. as societies become more complex, and as human begins take on more sophisticated lifestyles, their needs and wants increase. therefore a variety of needs and wants are expected to be satisfy.
What is the importance of capital in satisfying human needs and wants?
when you invest your capital, you create the products which will satisfy human needs and wants you can also be creating needs and wants.. but that's an other story
When wants are supported by purchasing power do they become needs?
No, it is not true that when wants are supported by purchasing power it becomes needs. Needs are items that have to be purchased, wants are items that are desired.
How does income limit wants?
Income usually is firstly concerned with needs, if income covers needs and leaves a surplus that can be used for wants. If income only covers needs wants become dreams.
Why are all needs wants but not all wants are needs?
A need is something that you will die or become sick without. Needs include food, water, air, and shelter.A want is something that would make your life nicer, but that is not actually needed to stay alive and healthy.Therefore, you want things that are needed, but you also want things that are not needed -- so all needs are wants, but not all wants are needs.
What educational background does the physician needs to become a family practitioner?
educational background needed if a physician wants to become a family practitioner
Explain Needs wants demand?
Needs - Human beings have many complex needs. These can include basic physical needs such as food, clothing, and safety. Other needs are social needs which includes affection, recognition, fame, etc. Wants - How people communicate their needs Demands - People have unlimited wants but also have limited sources. They tend to choose products that produce the most satisfaction for their money. When backed by buying power, wants become demands.
Will the study and practice of marketing become useless when customers meet their needs and wants?
is the study and practice of marketing useless
What is marketing shapes consumer needs and wants?
reflecting customers needs and wants
How do businesses satisfy needs and wants?
needs are essential to ones survival, while wants merely express a desire for something which could over time, help to satisfy a need. as societies become more complex, and as human begins take on more sophisticated lifestyles, their needs and wants increase. therefore a variety of needs and wants are expected to be satisfy.
How does production help in satisfying needs and wants?
It provides products to satisfy your needs and wants.
What a ten year old boy needs to know about science to be a scientist when he is older?
If ur ten year old brother wants to become a scientist he needs to now everything.
Are wants and needs the same According to Maslov?
Wants and needs are not the same. According to Mazlow, needs are basic things for human survival and are lower on the heirarchy than wants which can only be satisfied after needs are satisfied.
What is the importance of capital in satisfying human needs and wants?
when you invest your capital, you create the products which will satisfy human needs and wants you can also be creating needs and wants.. but that's an other story
