ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
needs is
A
of necessity
B
demand
C
supply
D
None of the above
Explanation: 

Detailed explanation-1: -Need is something that requires fulfillment. We need food and water to survive, and they are also called necessities. However, there are also emotional and social needs that are not as pressing, whereas necessities are always of pressing nature such as maintenance of law and order in a place.

Detailed explanation-2: -Needs are anything you require to live your life. Basic human needs are food, water, shelter, and other necessities for living.

Detailed explanation-3: -: the quality or state of being in need : poverty. 3. : something that is necessary : requirement. the necessities for camping in comfort. : an urgent need or desire.

Detailed explanation-4: -Sunscreen is an absolute necessity for the beach. Getting plenty of rest is a necessity. Without a car, living close to work is a necessity. All we took with us on our hiking trip were the bare necessities.

Detailed explanation-5: -A need is something that is needed to survive. A want is something that an individual desires, but would be able to live without.

There is 1 question to complete.