Republic of uzbekistan andijan machine-building institute fundamentals of business management

The needs and wants are endless. 
Needs and Wants are endless. You are only limited by your imagination and the business you start 
selling. New fashions make you believe that what you already have doesn't meet the demand. One 
purchase leads to another purchase. you bought and now you need a new set of games. Your 
purchase of new shoes means that you want to make an additional account book. Your cravings 
can go on and on, and they change from day to day. The product you thought you couldn't live 
without for two weeks doesn't seem so important anymore, and a new craving takes its place. 
Everyone has endless cravings. but these desires are not the same for every person. 

---

Products and Services 
Buying and consuming products and services will satisfy your needs and desires. Products are 
things you can see and touch. They are things you can buy to satisfy your needs and wants. Services 
are activities that provide satisfaction, they are created and simultaneously consumed by others. 
the services you get and use satisfy your needs and wants, but different things, businesses provide 
you services when you want to consume them. Products and services for businesses and consumers 
Goods and services are purchased by individual consumers as well as businesses. Some goods and 
services are unique to businesses or consumers. Others have the same but different needs and 
wants. 
The business needs steel, plastic, gasoline, and a computer for management purposes. It has 
moderate electricity supply for buildings and equipment, security, and accountants keep lists and 
notices of refunds of fines. 
Consumers buy furniture, televisions, mobile phones, and books. They eat at restaurants, 
continue to do what they like, and take their cars to the dealership for service and repairs. 
Economic resources. What products and services do you need and want to be produced? 
Individuals do not create as many products and services as other people over a long period of time. 
Businesses produce products and services using economic resources. Economic resources are the 
things that are used to produce products and services. The economy is also called the resource 
production factor. There are economic resources: natural, human and capital resources. Businesses 
and individuals need to obtain the necessary economic resources in the production of products and 
services.