An Introduction to Micro and macro economics
A need is something that is required for an organism to survive. A need, unlike a want, is a necessary condition for an organism to function normally. A need can be defined as a motivation that directs an organism towards some desired end. For instance, the need to survive is a need for a human to continue living.
Many individuals are born with the desire to survive, and these individuals face many challenges throughout their lives. Even if these individuals meet their basic needs adequately, there is still a strong desire to improve upon these basic needs and even die with a sense of honor and self-worth. This is part of what defines happiness. There are many individuals who are born with very low self-esteem, and yet they are extremely necessary to human civilizations.
There are many different kinds of needs that an individual faces in his daily life, but one cannot talk enough about healthy life and desires. An individual’s desire for a healthy life is defined by his understanding of the need to survive and to maintain a long and healthy life after death. It is important for an individual to understand that there are economic conditions that affect life and also the possibility of dying before reaching a healthy state. Even if there is no economic condition that can wipe out your basic needs, there are conditions that may prevent you from maintaining a long and healthy life after you die. The desire for a good life extends beyond the necessity of survival, and includes a desire for security.
Economics affects people’s lives in so many ways. One example is the way money is used. Money is the most important form of wealth for an individual. It does not matter if the money is obtained from work or if it comes from bank accounts. If the individual lacks the emotional and the physical need for money, he will never acquire it, and he may die without having any monetary assets at all.
Economics also affects the education of people. If the education of a person is not based on the concepts of economics, he will fail to understand how economic conditions affect his life in a way that will eventually make his death easier. Many people would have access to economic terminology and economic theories in their school years. If the education of such people is not based on the principles of economics, they will not be able to use the basic concepts and theories in the field of macroeconomics. The need for knowledge about these concepts is extremely necessary for a person to survive.
However, even though it is important for a person to know the concept of macro economics, he must also be aware of the concepts of microeconomics. When an individual fails to meet his basic needs, the result will either lead to death or to a complete lack of material possessions. If a person is not able to meet his wants, he will eventually have to choose between his basic needs and wants that are more important. Some people will sell their most essential belongings in order to provide themselves with a bit of economic stability. However, this kind of action is not necessarily a sign of lack of desire; rather, it may mean that the person has finally learned how to prioritize his basic needs. When people fail to realize their own necessity and basic wants, they may find that they have no way out of their financial situations and may ultimately end up in a state of starvation.