The following items were identified as the main areas of expenditure for Irish consumers in 2018 - Junior Cycle Business Studies - Question 15 - 2019
Question 15
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.
Items of ex... show full transcript
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 15 - 2019
Step 1
Food
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Answer
Food is classified as a need because it is essential for survival and health.
Step 2
Holidays
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Answer
Holidays are classified as a want since they are a form of leisure and are not essential for basic living.
Step 3
Clothing and Footwear
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Answer
Clothing and Footwear are considered a need as they are necessary for protection and dignity.
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