Home » Economic Terms Dictionary » Necessaries

Definition Of Necessaries:

Whatever is reasonably needed for maintaining a certain lifestyle, depending on one's age and status, and the norms of a particular society.
In comparison, necessities are bare essentials required by all for subsistence or survival. See also need.

Other Definition Of Economic Terms:

Necessary Good
Necessities
Necessity
Negative Demand
Neo Classical Economics
Neoclassical Economics

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