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BSBA_50.docx - NEEDS, WANTS AND DEMANDS Needs are basic...

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NEEDS, WANTS AND DEMANDSNeeds are basic human requirements such as for air, food, water, clothing and shelter.Humans also have strong needs for recreation, education an entertainment. These needsbecome wants when they are directed to specific objects that mighty satisfy the need.Demands are wants for specific products backed by an ability to pay. Many people want a
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Term
Spring
Professor
N/A
Tags
Want, Economics terminology, basic human requirements, Strong needs

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