Maslow believed that basic physical needs such as food, drink, air, sleep and warmth must be met before individual can grow and develop. If a person is hungry and cold, they cannot think about anything else until these basic needs are satisfied. Once basic physical needs are met, we can then consider personal safety and security. It is important that we feel safe and secure in our environment. We naturally try and avoid things that make us feel safest when we can predict what is going to happen. It is not until we feel safe that we can begin to think about any other needs we have. Self esteem is how we feel about ourselves. People need to feel that they are respected and valued and that they have a special and unique place within their own society. To Maslow, the most important stage is that of self-actualisation is to a point in life when all other needs have been met, and we can now meet our true full potential, achieving our personal goals and challenges. Some people will never reach self-actualisation as they spend their life's trying to satisfy basic physical and emotional needs or in fact they may already have the basic but always trying something higher.
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Economic needs are needs that touch on consumer's time and money.
Explain the level of people and the informaion needs?
explain the role of needs in the business cycle
No, it is not true that when wants are supported by purchasing power it becomes needs. Needs are items that have to be purchased, wants are items that are desired.
Needs range from basic survival needs (common to all human beings; such as water, food, shelter, etc) to cultural, intellectual, and social needs ( depending on which place to place/ age group to age group ) satisfied by nessessities and necessaries.