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I didn't say everyone's needs are the same.
by rbarooah 15y ago
I didn't say everyone's needs are the same.
- saurik 15y agoOk: I think one easily gets the other impression from your want/need distinction. Regardless: the first two paragraphs do not even touch on that: that person might 'need' an Xbox, but not one that has a working blue video composite. The point is that there is an elasticity to the demand curve for everything that the person might 'want', but there is no obvious breaking point where you suddenly end up with a 'need': and a great example is that you do not really 'need' food, you just want it very very badly.
- rbarooah 15y agoThat's fair enough. I think this explains the reactions of others in this thread. The distinction between want and need isn't important to my original point, and I certainly wasn't intending to claim them as objective. It was a careless choice of words.