Economy, Needs, Demand

Question 0

What is a need?

Answer 0

An unfulfilled desire

Question 1

A number of institutions and processes which are coupled to each other in multiple ways and that have the purpose of providing material and immaterial goods

Answer 1

An Economy

Question 2

Experiencing a lack of something, objectively or subjectively.

Answer 2

Need

Question 3

What are the 2 type of needs?

Answer 3

• Existential needs

- Optional needs

Question 4

2 elements of existential needs

Answer 4

• Food
• Clothing
• Accomodation

Question 5

What are the two elements of optional needs?

Answer 5

• Basic needs

- Luxury needs

Question 6

2 examples of basic needs

Answer 6

• The need for culture
• Further education
• sports

Question 7

2 examples of luxury needs

Answer 7

• Jewellery

- Luxury vehicles

Question 8

What are the categories of needs?

Answer 8

• Complementary needs
• Individual needs
• Collective needs

Question 9

Once individual needs have been met, new needs are created

Answer 9

Complementary needs

Question 10

Can be satisfied by individuals on the basis of their individual decisions

Answer 10

Individual needs

Question 11

Needs that are reflected in the request of goods or services and supported by the necessary purchasing power and time

Answer 11

Demand