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What is a market? Must a market have a single physical location?
Five-Need Hierarchy
A reference to Maslow’s hierarchy of needs, which outlines five levels of human needs from basic (physiological) to higher order (self-actualization).
Innate
Referring to qualities, abilities, or characteristics that are present from birth and not significantly influenced by external factors or learned experiences.
Lower Needs
In Maslow's hierarchy, these are the basic physiological and safety needs that must be met before higher-level needs can be addressed.
Deficiency Needs
Refers to the basic requirements for physical and psychological well-being, which must be met before individuals can focus on higher-level needs like self-actualization.
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