People sometimes say that they need that new video game, or that Mercedes-Benz. Needs v.s wants is important. Those people need to know about need v.s wants. This is one of the basic topics in economics. Needs are everything someone has to have in order to survive. Needs are things like water, food, shelter, clothing, and air. Wants are goods that are not necessary for survival but something people desire, just like that Mercedes-Benz. This is something that can help everyone in the future.