ENTREPRENEURSHIP

Detailed explanation-1: -There are eight minimal physiological requirements for survival. These are: air, water, food, shelter, sanitation, sleep, space, and touch.

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: -A need is a basic requirement for survival such as food, water and shelter. A want is something we would like to have but is not necessary for survival. A good is tangible item and a service is work or labor preformed by someone or something.

Detailed explanation-4: -A good that is a need is necessary for survival, such as food, water, shelter, clothing, medical care, etc… A want is not essential to life but makes life easier or more interesting, such as radio or TV.

Detailed explanation-5: -1. Physiological Needs. Food, water, clothing, sleep, and shelter are the bare necessities for anyone’s survival. For many people, these basic needs can not be met without the aid of charitable organizations.