Question

What is a major difference between economic wants and economic needs ?

Answer 1

Answer:

Economic wants are those desires that can be met by purchasing/consuming a good, service, or activity. Economic needs are those things that one cannot do without and they can be physical needs such as food, water, clothing.

Explanation:

the difference between Economic wants and needs are wants are something that you desire but don't have to have it. and a need is something that you have to have to survive in life.

Answer 2

Answer:

Economic wants are when the economy wants something. Economic needs are when the economy need something.