module 8 Flashcards
1
Q
2 important factor of determining whether this items and services is full under
A
• Needs
• Wants
2
Q
• synonymous with luxuries
• people buy them for reasons that do not warrant necessarily
A
Wants
3
Q
These are important for survival ( Food, clothes, and shelter)
people purchase them out of necessarily
A
Needs
4
Q
The 2 process of acquiring material goods
A
• Utility
• Significance
5
Q
concerned on how things serve a practical purposes
A
Utility
6
Q
• Concerned with the meaning aligned to the object
• also concerned with how objects become powerful symbol
A
Significance
