❗️ The terms “needs” and “wants” have distinct meanings: ❗️

Needs: Refers to something essential for survival, such as food, water, shelter, and basic health care.

Wants: Refers to something that is desired but not essential for survival, such as luxury items or services that enhance comfort and enjoyment.

In summary, needs are necessities for life, while wants are desires that improve quality of life but are not critical for survival.