Needs Vs. Wants
Needs Vs. Wants
Needs (examples)
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clothing
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shelter
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food
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water
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toiletries
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education
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healthcare
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How do you tell the difference between the two?
Wants (examples)
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smartphones
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playstations
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toys
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CD's
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TV
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jewelry
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vacationing
Needs
Both
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Things in life you can't live or participate in certain things without
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Things that make your life much easier, comfortable, and survivable
Wants
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Both are useful to humans
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Things in life that you wish for, or desire, but can function without
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More than what you need (ex: if you need a form of transportation to go to work, a "want" would be an expensive sports car)
However, not everyone has the same needs, or even wants. One's needs can even be someone else's wants.
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Ex 1) James is on a professional soccer team, and needs a jersey with his team's logo on it. Eric, a student-athlete playing for his middle school soccer team, is a fan of James's soccer team, and wants to buy the same jersey that James has. In this situation, James's need is Eric's want.
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Ex 2) John works for a tech company and is required to select a specific IT approved/company provided new laptop. William, a scientist wants this computer for his personal research as well as his leisure. In this situation, John's need is William's want.