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Economics > Unit 1 L2: The Filipino Consumer in the Circle of Economics > Flashcards

Unit 1 L2: The Filipino Consumer in the Circle of Economics Flashcards

1
Q

Needs

A

Basic requirements for human survival

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2
Q

Wants

A

Specific things we wish to have

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3
Q

Hierarchy of Needs Theory (Maslow)

A

(top to bottom order)

Self Actualization, Esteem, Love and belonging, Safety needs, Physiological Needs

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4
Q

Factors affecting Wants

A

Income, Population, Advertisements, Physical Location, and Urbanization

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Economics (5 decks)

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