Understanding Human Needs and Scarcity

The video tutorial introduces the concept of economic needs, focusing on primary, secondary, and tertiary needs based on intensity. It explains scarcity as a result of unlimited human needs versus limited resources. The tutorial also covers needs by nature (physical and spiritual) and timing (immediate and future), and distinguishes between individual and group needs. Finally, it discusses factors influencing needs, such as gender, education, environment, technology, income, social status, and personal preferences.

Why does scarcity occur in economics?

• Because human needs exceed available resources

• Because human needs are limited

• Because resources are unlimited

• Because resources are abundant

What are the three types of needs based on intensity?

• Necessary, Additional, Excessive

• Essential, Optional, Extra

• Basic, Advanced, Luxury

• Primary, Secondary, Tertiary

Which of the following is considered a primary need?

• Luxury car

• Vacation

• Smartphone

• Food

What is an example of a secondary need for a student?

• Textbooks

• Designer clothes

• Private jet

• Luxury watch

Which need is associated with physical well-being?

• Social need

• Emotional need

• Spiritual need

• Physical need

What is a future need for a student planning for higher education?

• Present clothing

• Current entertainment

• Immediate food

• Savings for college

What is an example of a group need?

• Personal laptop

• Community park

• Private car

• Individual savings

Which of the following is a spiritual need?

• Exercise

• Meditation

• Eating

• Sleeping

Which factor does NOT influence human needs?

• Gender

• Education level

• Weather

• Social status

How does technology influence human needs?

• It decreases the need for communication

• It makes internet access a primary need

• It eliminates the need for transportation

• It reduces the need for education