What are wants with examples?

Wants are desires or preferences that individuals have for certain goods, services, or experiences. They are not essential for survival, but they can enhance quality of life and provide enjoyment. Examples of wants include:

1. A new smartphone - While a basic phone may be sufficient for communication, a new smartphone with advanced features and capabilities may be desired for entertainment, productivity, and convenience.

2. Designer clothing - While basic clothing can fulfill the need for protection and modesty, designer clothing may be desired for its style, quality, and status symbol.

3. Traveling to exotic destinations - While staying at home or traveling to nearby locations may be sufficient for relaxation, some individuals may want to explore exotic destinations for new experiences and adventures.

4. Eating at a fancy restaurant - While home-cooked meals or fast food may be sufficient for sustenance, dining at a fancy restaurant may be desired for the ambiance, gourmet cuisine, and social experience.

5. Owning a luxury car - While a basic car may be sufficient for transportation, owning a luxury car may be desired for its comfort, performance, and prestige.

Wants are things that people would like to have but do not necessarily need for survival. Wants are often driven by personal preferences, desires, and aspirations. Some examples of wants include:

Material Goods:
- Luxury car
- Designer clothes
- Expensive jewelry
- High-end smartphone
- Latest gaming console

Experiences:
- Traveling to exotic destinations
- Attending concerts or sporting events
- Dining at Michelin-starred restaurants
- Taking adventure tours
- Pursuing hobbies like painting or playing golf

Services:
- Personal chef
- House cleaner
- Personal stylist
- Pet sitter
- Spa treatments

Entertainment and Recreation:
- Going to movies or shows
- Listening to music
- Reading books
- Playing video games
- Spending time with friends and family

Other Wants:
- Financial security
- Career advancement
- Recognition and status
- Social connections
- Health and fitness goals

Key Characteristics of Wants:

- Subjective: Wants vary from person to person based on their individual desires and values.
- Optional: Wants are not essential for survival or basic well-being.
- Motivational: Wants can inspire people to work hard, save money, and make sacrifices to achieve them.
- Unlimited: There is no limit to the number or type of wants that people can have.
- Competitive: Some wants can be seen as status symbols, leading to comparisons and competition among individuals.