Needs Wants And Demands

Needs are states of felt deprivation.Human has many complex needs. These are physical need for food, clothing, warmth and safety etc. Social needs for belonging and affection; and individual need for knowledge and self-expression. When a need is nor satisfied, a person will try either to reduce the need or look for an object that will satisfy it. Wants are the form taken by human needs as they shaped by culture and individual personality. Wants are described in term of objects that will satisfy the needs. As a society and satisfaction for their money. When back by buying power, wants become demand.