Nowadays, we crave for our needs and wants. Well, mostly wants, but at the same time, it becomes a need. But, in the world of economics, needs and wants are of two different meanings. Needs are the things that you can’t live without, if you don’t have it, you might get sick or worse. Like, food, clothes, shelter. Wants are the things that satisfies your mind, but, even if you don’t have them, you’ll still live. Examples are Electricity, Gadgets, Dutch Master and a whole lot more. I know we all know these kinds of things.