Wants (Desires)
Wants, or desires, refer to the things that individuals wish to have or achieve but are not essential for survival. These can include material items like clothes, gadgets, or cars, as well as experiences such as travel or entertainment. Wants are often influenced by personal preferences, cultural factors, and social interactions.
While wants can enhance quality of life and provide enjoyment, they differ from needs, which are necessary for basic functioning, such as food, shelter, and healthcare. Understanding the distinction between wants and needs can help individuals prioritize their resources and make informed decisions.