Needs and Wants

A need is something that you must not have in order to survive.

• True

• False

A want is something you think you must have in order to be satisfied.

• True

• False

An economic want is a desire for material goods and services.

• True

• False

Non-economic wants do not involve a desire for non-material things.

• True

• False

An example of a need is Jordan's tennis.

• True

• False

An example of a need is clothing.

• True

• False

Abraham Laslow was a physiologist who developed a theory on the hierarchy of needs.

• True

• False