What distinguishes 'wants' from 'needs'?

Wants represent the desires or preferences that individuals have, which are not essential for survival. They are often influenced by personal tastes, culture, and lifestyle and can vary greatly from person to person. For instance, someone might want a new smartphone or a luxury vacation, but these items are not necessary for basic functioning or existence.

In contrast, needs are fundamental requirements necessary for survival, such as food, water, shelter, and medical care. Therefore, the distinction lies in the fact that while needs are essential, wants enhance one’s quality of life but are not critical for survival. This understanding clarifies that wants can change based on circumstances and experiences, which differentiates them from the more static concept of needs.