5) type the correct answer. briefly describe the difference between a consumers needs and wants.
5) type the correct answer. briefly describe the difference between a consumers needs and wants.
Answer
Brief Explanations:
Needs are essential for survival and well - being, like food, shelter, and healthcare. Wants are non - essential desires that enhance quality of life, such as luxury goods or entertainment.
Answer:
Needs are essentials for survival and well - being (e.g., food, shelter), while wants are non - essential desires (e.g., luxury items, entertainment).