Wants, Needs, Goods & Services

What is a need?

• Something essential for survival

• Something we want but can do without

• Things we can touch

• Activities provided business or others

What is a want?

• Something essential for survival

• Something we want but can do without

• Things we can touch

• Activities provided business or others

What is a good?

• Something essential for survival

• Something we want but can do without

• Something we can touch

• Activities provided business or others

What is a service?

• Something essential for survival

• Something we want but can do without

• Something we can touch

• Activities provided business or others

A pair of canvas shoes from Kmart is a

• want

• need

A pair of Vans from City Beach is a

• want

• need

McDonald's is a

• want

• need

Baked beans are a

• want

• need

A haircut is a

• good

• service

A bottle of shampoo is a

• good

• service