which one is important needs or wants
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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In economics, needs are things that are essential for human survival, while wants are things we may desire. Wants may be helpful or make life easier, but unless we would die without them, they are not considered needs.
Needs are essential for survival—food, shelter, safety. Wants are desires—luxuries, comforts. Needs come first; they sustain life. Wants enhance happiness but aren’t vital. Prioritizing needs ensures stability, while unchecked wants can lead to stress or debt. Balance both wisely: meet needs first, then indulge in wants responsibly. Life thrives when necessities are secure and desires are mindful.