Grade 6-Needs, Wants, Demands

These are goods or services that people desire or wish to have.

• Needs

• Wants

• Demands

• Social needs

These are the things needed for people to survive such as food, water and shelter.

• Social needs

• Security needs

• Esteem needs

• Physiological needs

This involves all communication between the buyer and seller that aim to induce behavioral change.

• Marketing

• Demands

• Self-actualization

• Hierarchy of needs

This is the amount of interest to a given product that consumers are willing to buy at a given price and period.

• Wants

• Needs

• Demands

• Esteem

This is the need for personal awareness and has less concern with the opinion of others.

• Esteem needs

• Security needs

• Self-actualization

• Physiological needs

Give five (5) products that are the current needs or demands in your community.