Needs, Wants, and Demands

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

• Needs

• Demands

• Wants

• 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 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

These are the needs are the requirement for belongings and affection from friends and family.

• Esteem needs

• Security needs

• Social needs

• Individual needs 

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

• Self-actualization

• Security needs

• Physiological needs

• Esteem needs

Give 2 examples of Needs, Wants and Demands.Give 2 examples of Needs, Wants and Demands.