Values: - Are something that is desirable, worthwhile, and important. - Values are influenced by family, friends, teachers, coaches, television, and movies. - Each person has different values which guide his/her daily decisions.
Needs: - Are something necessary or required for life. - Examples of needs are, food water, clothing, and shelter.
Wants: - Are something unnecessary but desired. - Wants may increase the quality of living or make a person happier. - Examples of wants include, MP3 player, Play Station, and designer clothes. - If being popular or having all of the newest gadgets is valued, a person may have lots of wants.