Answered

Which statement best describes a want?

A. A want is something that will help you save money.
B. A want is something that would be nice to have.
C. A want is something that will help you attain a goal.



Answer :

GinnyAnswer

Final answer:

Describes wants as desires not essential for survival, differentiates needs from wants, and explains the role of money in fulfilling wants.


Explanation:

Want - is something that is desired, but not necessary for survival. It is distinct from needs, which are essential for basic living. Wants include items like luxury cars, high-end electronics, or expensive vacations.

Needs vs. Wants:

  • Needs are basic for survival (food, clothing, shelter) while wants are desires related to those needs.
  • Consumers often interchange needs and wants, expressing needs as wants (e.g., needing food but wanting a specific type).

Money serves as a medium of exchange, enabling people to obtain their wants by purchasing goods and services with it.


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