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People have unlimited wants but limited resources and time, so they fulfill their needs first before wants in order to derive maximum utility. Necessary items whose purchase cannot be postponed, such as food and shelter, are prioritized over more optional comfort items. Once needs are met, people may then fulfill wants and comforts.
People have unlimited wants but limited resources and time, so they fulfill their needs first before wants in order to derive maximum utility. Necessary items whose purchase cannot be postponed, such as food and shelter, are prioritized over more optional comfort items. Once needs are met, people may then fulfill wants and comforts.
People have unlimited wants but limited resources and time, so they fulfill their needs first before wants in order to derive maximum utility. Necessary items whose purchase cannot be postponed, such as food and shelter, are prioritized over more optional comfort items. Once needs are met, people may then fulfill wants and comforts.
limited source and time. People fulfil needs first and derive maximum utility. Those needs will be fulfilled first requirement of which cannot be postponded. Comforts are fulfilled after fulfilling needs.