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A need is dissatisfaction at a point of time and in a given context. Needs are distinguished from wants. In the case of a need, a deficiency causes a clear adverse ...
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
In economics, a want is something that is desired. It is said that every person has unlimited wants, but limited resources (economics is based on the assumption that only limited resources are available to us). Thus, people cannot have everything they want and must look for the most affordable alternatives. Wants are often distinguished from needs.
A needs assessment is a systematic process for determining and addressing needs, or "gaps", between current conditions, and desired conditions, or "wants". [1]Needs assessments can help improve policy or program decisions, individuals, education, training, organizations, communities, or products.
A common shortcoming in existing literature and discussions about human needs is that the fundamental difference between needs and their satisfiers either is not made explicit or is completely overlooked. It may have to do with the difference between human needs and the conventional notion of economic "wants" which are infinite and insatiable ...
Democrats must shift their focus from divisive identity politics to practical economic needs, such as helping those without college degrees gain skills and good-paying jobs, reducing the cost of ...
In economics, a necessity good or a necessary good is a type of normal good. Necessity goods are product(s) and services that consumers will buy regardless of the changes in their income levels, therefore making these products less sensitive to income change. [ 1 ]
The basic needs approach has been described as consumption-oriented, giving the impression "that poverty elimination is all too easy." [4] Amartya Sen focused on 'capabilities' rather than consumption. In the development discourse, the basic needs model focuses on the measurement of what is believed to be an eradicable level of poverty.