User Account

All Pages

needs and wants, Business Economics

Assignment Help:
Nathan is a successful public relations (PR) consultant, thanks to an outgoing personality and sharp intelligence. At 35, he is near the height of his earnings potential, at around £100,000+per year. He started his career with a student loan of £8000. The interest on this loan was subsided by the government, but his starting salary was also low. Ten years ago, he and his partner, Tracy, wanted to buy a £75,000 house in Norwich, and this meant borrowing money of mortgage £65,000 and using Tracy’s savings of £10,000. As Nathan’s children were growing up, he received several promotions but has now left his firm to become a freelance PR consultant, and his income has greatly increased. He is developing an expensive taste for tailor-made suits, on the grounds of the image he needs to portray to clients. He is also weighing up the cost and benefits of buying a new ‘peoples carrier’ vehicle for his family.
On his leaving university, Nathan changed from spending money on parties to buying a house. His first house was very limited by what he could afford on a starting salary. As he got promotions, he could afford a wider selection of properties, more expensive holidays, clothes, and so on.
Explain whether Nathan’s habit of buying tailor-made suits is a ‘need’ or a ‘want’

Related Discussions:- needs and wants

Is unemployment and underemployment a problem, Is unemployment and underemp...

Is unemployment and underemployment a problem? The cost of unemployment is both: • Economic along with the opportunity cost of lost output raised poverty and inequality

Advantages and disadvantages of Pure Monopoly, What is Monopoly and how doe...

What is Monopoly and how does it affect the economic postively and negatively?

Informal goverment, What are the disadvantages of a informal economy?

What are the disadvantages of a informal economy?

Libralisation, what is increaase libralisation?

what is increaase libralisation?

Capitation, example of an HMO with these types of set rates

example of an HMO with these types of set rates

Differentiate between returns to factor and returns to scale, QUESTION ...

QUESTION a) Differentiate between returns to factor and returns to scale. b) In the long-run the Average Cost Curve is u-shaped. Discuss c) Whenever a firm is making loss

Demand forecasting, despite of pitfalls forecastimg is indispensable to a ...

despite of pitfalls forecastimg is indispensable to a business firm.discuss the importance of forecasting in light of this statment

Assess significance of sales skills to project manager, How would you asses...

How would you assess the significance of sales skills to a project manager? Are they, increasing or decreasing in your view, significance? Why do you think there is this change occ

What is success effectiveness of world trade organisation, What is the succ...

What is the success effectiveness of World Trade Organisation in the promotion of development? Success effectiveness of World Trade Organisation in the promotion of developmen

Elasticity, why does the quantity of salt demanded tend to be unresponsive ...

why does the quantity of salt demanded tend to be unresponsive to change in its price?

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd