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What is the difference between an economic luxury and an economic necessity?
An elecomic luxury is wasting land on pools huge garden,etc.And an economic necessity is when you need a certain amount of space (houses)to make something totally necessary (to live in)
Why do people need homes?
People need homes because of the necessity for shelter.
What is the difference between interested and interesting?
one being a need the other a desire
Give an appropriate example of the product or service that can distinguish between needs and wants?
want is just a desire. it's basically a luxury you can live without. a need is a necessity it requires supply or relief.
Is bread elastic or inelastic?
Inelastic It is inelastic because it is a necessity, which is a factor that determines price elasticity, bread is a staple diet around the world which makes it a need and therefore a necessity which is inelastic.
What is the difference between an opportunity and a need?
An opportunity is the chance to do something. A need is an urgent want that may also be a necessity. For example, his need for a job provided him the opportunity to change careers.
What is the difference between an economic luxury and an economic necessity?
An elecomic luxury is wasting land on pools huge garden,etc.And an economic necessity is when you need a certain amount of space (houses)to make something totally necessary (to live in)
Difference between Demand Want and Desire?
Want - something nice to have, perhaps even a luxury Need - necessity to carry out your tasks in day to day life Desire - a heartfelt longing
What are the characteristic differences between Rhombus?
You need two things before you can discuss difference between them!You need two things before you can discuss difference between them!You need two things before you can discuss difference between them!You need two things before you can discuss difference between them!
What does necessity's mean?
Basic necessities/necessity means something thing that you usually need or have.
What is a necessity?
need for something
What is the difference between necessity and obligation?
Necessity refers to something that is indispensable or required for a certain outcome, while obligation refers to a duty or responsibility to do something as a result of a moral, legal, or social contract. Necessity implies there is no other choice, whereas obligation suggests a sense of duty or commitment.
What does necessity?
Basic necessities/necessity means something thing that you usually need or have.
Is it necessity is the mother of invention or deficit is the mother of invention?
Necessity is the mother of invention. You must know you have a need, a driving force. There are time when advancements are made by mistakes but those are few and far between.
What are difference between nuisance and necessity?
nui·sanceˈn(y)o͞osəns/nounnoun: nuisance; plural noun: nuisancesa person, thing, or circumstance causing inconvenience or annoyance.ne·ces·si·tynəˈsesədē/nounnoun: necessity; plural noun: necessities1.the fact of being required or indispensable.
What is the difference between need and needs?
The difference between need and needs is simple. A need is a singular thing that is needed. Needs is when there is more than one thing that is needed.
What is the difference between 'necessity' and 'necessary'?
In Common usage:Necessity is a noun which means 'a thing that is needed'. Necessary is an adjective which means 'needed'. Thus, "necessity" means "necessary thing".In Philosophy:"Necessary" is an adjective meaning "cannot be otherwise" (as opposed to "Contingent" which means "can possibly be otherwise"). "Necessity" is a noun meaning "something which cannot be otherwise".
