O level Business Studies: Do needs and wants change as the time goes on?
Yes as time changes needs and wants change. This actually depends on the kind of life you are living. If you are a rich person you will very quickly transform your wants in to need and if you are a poor person you will have to make your needs as wants.
A rich person will no longer want a care he or she will need a car
A poor person will no longer need electricity he will want it