Basic Difference -NEED, WANT and DEMAND

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Re: Basic Difference -NEED, WANT and DEMAND

#1 Postby anujsharma397 » Wed Feb 27, 2013 4:33 pm

need-basic things like food,shelter,clothes
want-necessary thing like education
desired-when we need something beyond affordability like bmw,mercedes

Shikha Gupta
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Re: Basic Difference -NEED, WANT and DEMAND

#2 Postby Shikha Gupta » Sat Feb 23, 2013 9:38 am

According to me NEED is actuly the basic requirement that one require for his life,without which he/she can't survive as everyone said like air,water,food and WANT is something that we want to have in our life but they are not basic requorements one can live without them but yes they want these thing to be part of their life its dependent on the needs of humans themselves.And a step ahead of wants is demands in which an individual wants something which is premium, but he also has the ability to buy it, then these wants are converted to demands.

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Re: Basic Difference -NEED, WANT and DEMAND

#3 Postby Namita » Mon Feb 18, 2013 8:12 pm

In simple words:
NEED - Basic necessities of life.
WANT - Something that a person wants to have in its life for a lavish lifestyle.
DEMAND- When we have sources to spend to fulfill our requirements.

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Re: Basic Difference -NEED, WANT and DEMAND

#4 Postby bhawna » Mon Feb 18, 2013 5:47 pm

Need- Its the basic requirement of a person like food, clothing and shelter.
Demand-Demand is want for a particular thing which is followed by a persons ability & willingness to pay.
Want-Its a desire for a particular thing.

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Re: Basic Difference -NEED, WANT and DEMAND

#5 Postby rachna » Mon Feb 18, 2013 5:45 pm

Under Need those things comes which is necessary in our life to survive like water,shelter..
Wants are those which is not necessary but we would like to have in our life like nailpaint :)
and In demand those things comes what actualy we want within our budget but with best quality like car or any chocolate.

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Basic Difference -NEED, WANT and DEMAND

#6 Postby archit » Mon Feb 18, 2013 7:46 am

What is the difference between NEED, WANT and DEMAND?

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