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On: Posted in Paragraphs

Needs, Wants and Scarcity.

The concept of needs, wants and scarcity is the basis of Business Activity. Their is a slight difference between needs and wants. Needs are essential things one needs to survive, yet wants are the things that people believe they need ...

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Needs, Wants, Scarcity

As you probably know, we all have needs and wants. Needs are things we require to live, like water. I’m sure you can live without a Rolex for as long as you live but you can’t live without water for ...