Want v Need

What are a want and a need?
Make sure to take the quiz. It is probably the easiest quiz since quizzes were created.
This is the most basic form of economics. We were all taught this as kids, just in case we don't remember here is the blog for you.
A need is something you have to have.
A want is something is something you would like to have.

A need is anything you need to survive. A need is a house, food, water, clothes, etc. A want is something you don't necessarily need to get by. A want is an iPod, car, plasma TV, etc. When looking at spending for items figure are the wants and needs.

This can help with over spending. Instead of buying a new TV, pay off the credit card bill.
Instead of buying a new xbox, buy groceries.

Is ice cream a want or a need?
Ice cream is food, so it must be a need. Ice cream is not essential food to survive. It is not essential because ice cream has fats that are not good.

Liquids
Liquids are essential for living. Water, milk, and soda are all liquids, but are they all needs. Water and milk provides for our health. Soda does not provide for our health and is not a need.

What I learned from the website is if it is good for us it is a need.