What is the primary distinction between needs and wants?

The primary distinction between needs and wants is that needs are essential for survival and overall wellbeing. Needs include basic requirements such as food, water, shelter, and clothing, which are crucial for a person's health and functioning. Without these fundamental necessities, individuals cannot maintain a stable and healthy life.

Wants, on the other hand, refer to desires for goods or services that enhance quality of life but are not essential for survival. While wants can significantly improve comfort and satisfaction, they are not crucial for basic functioning, which sets them apart from needs.

This understanding highlights the importance of prioritizing needs over wants when making decisions about resource allocation and personal welfare.