The two words, needs and wants, have certain implications to many people depending on their usage. When the two words are compared, they have certain similarities despite their differences in meaning and implication. According to Thomas Sowell, needs is something that a person cannot do without (Sowell 499). Anna Quindle defines wants as the things people can die if they do not have them (Quindle 2008). Based on the two definitions, both words state that the objects or products a person cannot do without or survive have a higher preference. In this case, the two researchers assert that consumers should concentrates on purchasing those things they cannot without.
The two words have certain implications depending on how people are using them. According to Sowell, many people often misuse the word need when they are buying something that cannot be considered important. For example, a politician uses the word needs to show people that they must have certain objects otherwise they will not survive (Sowell 501). In addition, Sowell is using a scenario where a father was constantly ridiculed by his daughter because of his old car. However, he never needed another car despite the challenges the car was posing because he was paying his daughters tuition (Sowell 500). Therefore, the word needs implies that some things have a high preference than other leading to what economist call tradeoffs.
Similarly, Quindle states that the word wants have certain implications depending on the usage. According to many American shoppers, they are rushing to the stores every time when retailers have sales (Quindle 2008). In this case, retailers put advertisements to show their customers that they do not want to miss the sale (Quindle 2008). When a consumer views this advertisement, he or she has the notion that he or she must go for the sale. In real sense, the products retailers are selling, a person can do without them. Therefore, from the two scholars, the words need and wants have vast similarities.