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Derrick Boyle
History
3 November, 07:38
Economically a "need" is something
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Cassius Ho
3 November, 08:07
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Explanation:when you think of need economically, you talk about human desire.
Need to my understanding are those necessary things of life that are very important and essential in people's lives, when you place your need as an individual in accordance or to how much you want it, then you are following the scale of preference which is very important in economics, as an individual even with least knowledge of economics you should know how to place ur needs accordingly to the level of want. When you place the needless before the needful then you will end up stranded.
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