Need is essential for survival, while wants are a person's desires. The 1st statement explains want and the 2nd need.
<h3>What do you understand by the term need and want?</h3>
A need is something that is required for survival (for example, food and shelter), whereas a want is something that a person would like to have.
- Frankie already has a pair of basketball shoes that he can use for the tryout, so the new pair is a <u>Want</u><u>.</u>
- The new shoes would be considered a <u>Need</u> if Frankie did not have a pair of basketball shoes for the tryout.
Therefore, the above statement explains the want and the need.
Learn more about the want and need here:
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Answer:
I believe the answer is D
Answer:
d. are average stock prices for a group of companies meant to measure a section of the stock market.
Explanation:
Stock indices are used to measure the performance of a basket of securities and helps investors in a particular segment of the financial market make well informed decisions.
The value of the index is an average of the stock of underlying companies that make up the index.
For example the Dow Jones is a stock index made up of 30 large companies.
Investors compute performance by comparing current price level to previous prices.
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