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Sagot :
Final answer:
Describes wants as desires not essential for survival, differentiates needs from wants, and explains the role of money in fulfilling wants.
Explanation:
Want - is something that is desired, but not necessary for survival. It is distinct from needs, which are essential for basic living. Wants include items like luxury cars, high-end electronics, or expensive vacations.
Needs vs. Wants:
- Needs are basic for survival (food, clothing, shelter) while wants are desires related to those needs.
- Consumers often interchange needs and wants, expressing needs as wants (e.g., needing food but wanting a specific type).
Money serves as a medium of exchange, enabling people to obtain their wants by purchasing goods and services with it.
Learn more about Wants, Needs, Money here:
https://brainly.com/question/30237196
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