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

History

2 answers:

valkas [14]3 years ago

6 0

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.

Tema [17]3 years ago

5 0

Answer:

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

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