ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a need?
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Nothing
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Something you have to have to live
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Something you would like to have
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Ice cream
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Explanation:
Detailed explanation-1: -In other words, a need is something required for a safe, stable and healthy life (e.g. air, water, food, land, shelter) while a want is a desire, wish or aspiration.
Detailed explanation-2: -We must have food, water, air, and shelter to survive. If any one of these basic needs is not met, then humans cannot survive.
Detailed explanation-3: -Needs include air, food, water, clothing and shelter. Wants are things that we would like to have, such as toys and games. Sometimes needs and wants overlap. For example, a person needs food to survive, but he doesn’t need ice cream.
Detailed explanation-4: -Air. Water. Food. Shelter. Sleep.
There is 1 question to complete.