When backed by buying power, wants become:

Name: When backed by buying power, wants become:
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

When wants are backed by buying power, they become demands. This means that there is an actual willingness and ability to pay for the desired product or service, which creates a market demand. Desires are simply wants or preferences that may not translate into actual purchasing behavior. Satisfied and Needs are not relevant options in this context.

When Backed by Buying Power, Wants Become