In personal finance, what is considered a need?


something one would like to have

something for which one budgets

something one can afford

something one cannot live without

Verified Answer :

I believe the answer is D

Answer:

something one cannot live without

Explanation:

In the study of personal finances, a necessary good is regarded as something with which the consumer can not live without. For example, a hypertension remedy is a a necessity for a person suffering from hypertension.

This is different from superfluous goods, which are those goods that a person buys for vanity or comfort, but which are not basic necessities. For example, designer clothes.