Question

how are needs, wants, and demands related?

Answer 1

okay lets see

Answer 2

Needs are the basic nessecities essential for our daily life

Answer 3

Wants are the desires over and above desires example luxurious cars and stuff

Answer 4

demand The amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price

Answer 5

Needs are the basic nessecities essential for our daily life
Wants are the desires over and above desires example luxurious cars
demand is the amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price.
These thing relates due to many reason
First needs are the basic nessecities essential for life which mean we cant live without them
and wants are the desires over and above needs. if there is no demand the for the product then these things want be there