Abraham Maslow Distinguished Between Two Broad Types of Needs in His

question 175

Short Answer

Abraham Maslow distinguished between two broad types of needs in his need hierarchy: __________ needs,which are at the bottom of the hierarchy,and ___________ needs,which are at the top.

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Definitions:

Additional Slice

A term that can refer to an extra serving or portion of a good or product beyond what is normally consumed.

Marginal Benefits

The additional satisfaction or utility that a person gains from consuming an additional unit of a good or service.

Marginal Costs

The cost added by producing one additional unit of a product or service.

Producing

The process of creating goods or services to be offered to the market.