Answer to Question #243197 in Economics for Thenjiwe

Question

Important social and economic needs

Answer 1

Socio-economic needs are needs determined by the life and relationships of people with each other, organizations, society.

Relations between people in society are social and economic in nature. Depending on the nature of the relationship between people and organizations, social and economic needs are distinguished, which, in turn, are subdivided into varieties.

Social needs are needs that arise when people interact with each other and organizations in the social sphere of life.

Social needs include needs: for external and internal environmental security, legal, prestigious, respect and recognition, communication, friendship, power.

Legal needs are due to the need to comply with the established requirements of regulatory legal acts and adopted documents. Such requirements should be the same for individuals and legal entities, regardless of their status.

This need is due to the awareness of obligations and responsibility to consumers, personnel, government, society, as well as to other contact communities.