Select the best definition from the following for the term: Needs A person's incentive to work to gain something for themselves. Items that are necessary for existence. For example clothing shelter and food Money that remains after businesses paid for its expenses. square Items businesses sale that can be physically weighed or measured. For example food and phones.

Question

Select the best definition from the following for the term: Needs A person's incentive to work to gain something for themselves. Items that are necessary for existence. For example clothing shelter and food Money that remains after businesses paid for its expenses. square Items businesses sale that can be physically weighed or measured. For example food and phones.

Answer 1

In the context of Business studies or economics, the term "Needs" refers to the essentials fundamental for human survival without which there is absolute physical discomfort. Needs typically refer to those items like air, water, clothing, shelter, etc which fulfill the basic survival requirements of individuals.

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