The following items were identified as the main areas of expenditure for Irish consumers in 2018 - Junior Cycle Business Studies - Question 1 - 2019
Question 1
The following items were identified as the main areas of expenditure for Irish consumers in 2018. Classify each item of expenditure as a need or a want.
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Worked Solution & Example Answer:The following items were identified as the main areas of expenditure for Irish consumers in 2018 - Junior Cycle Business Studies - Question 1 - 2019
Step 1
Food
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Answer
Need: Food is essential for survival and maintaining health, making it a basic necessity.
Step 2
Holidays
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Answer
Want: Holidays are typically considered a luxury or leisure activity rather than a necessity.
Step 3
Clothing and Footwear
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Answer
Need: Appropriate clothing and footwear are necessary for protection and social acceptance, categorizing them as a need.
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