What is required for survival in a society:
- Food
- Water
- Shelter
- Electricity
- Education
- The Internet The concept of needs and wants changes continuously.
Needs are Felt Deprevation you can feel that something is missing. Goods are the products that satisfy these needs Services are the intangible goods to satisfy needs/wants
Normative Needs
Nowadays, many people see that needs are a Normative fact rather than a set and concrete need of survival. Many people feel deprived if they are just living with the bare necessity to survive.