""""""""""""please please like this answer please"""""""""""" Answer : Difference Between Needs and Wants - Needs in human being are not created. Needs are basic to human existence. As per Maslow's hierarchy off needs, human beings have following needs. Physiological needs: Food, cloth , Shelter and so forth  Safety and security needs: example: Life insurance, retirement savings, financial investment products, health needs, medical administrations  Social needs  Regard  Self actualization  Wants are prerequisites past needs. Wants are desire for things that are not necessary to survive. Wants resemble fast foods, alcohol , fancy clothes , entertainments, fashion, vacation and so forth which are not necessary for survival. As an ever increasing number of kinds of goods are produced, wants increase.  Needs are fixed for survival, however wants are adaptable and changing.  Wants get transformed into needs on the off chance that it is ... See the full answer