amples of personal needs and wants: NeedsWantsFoodLuxury vacationsWaterDesigner clothingShelter (housing)High-end electronicsClothing (basic, essential)Fine diningTransportation (to work/school)Streaming subscriptionsHealthcareGym membershipsBasic communication (phone)—Education—Safety—Personal Care—Key Differences:Needsare essential for survival and well-being. Without them, a person cannot live a healthy life.Wantsare desires that can enhance comfort and pleasure but are not crucial for survival.