A need is anything that is required for survival but wants are just something that a person wishes to have. Some economists disagree with this difference, claiming that all of these are just desires with differing degrees of importance.
The aspect that must be addressed while determining for whom to produce is who requires the services and goods to be produced and Who has the greatest need.
For more information regarding the production importance, refer to the link:
https://brainly.com/question/5632942
