Cameroon GCE O-Level Commerce Practice Questions - Cameroon General Certificate Of Education Ordinary Level Commerce (Subject Code 0520) Exam

Needs are essential basic necessities required for human survival, whereas wants are desires for goods and services that enhance comfort. Needs are unlimited and insatiable, whereas wants are limited and easily satisfied. Needs refer exclusively to non-material services, whereas wants refer strictly to tangible physical commodities. Needs require money to obtain, whereas wants can always be satisfied without financial cost.