Wants

Wants are simply things that people wish to acquire. They can be tangible goods like TVs or intangibles like love. Different disciplines approach “wants” differently. In psychology, for example, wants lead to acquiring nonessential goods that raise the levels of pleasure and satisfaction and help people feel good about themselves. In economics, there is a distinction between basic needs and nonessentials. Among basic needs are food, shelter, clothing, water, and social services such as education and health care. Lack of access to basic needs is a defining characteristic of poverty; access to basic needs is required in order to meet a minimally adequate standard of living, which is a recognized universal human right as stipulated in Article 25 of the Universal Declaration of Human Rights ...