How is a "want" defined in economics?

In economics, a "want" is defined as a desire for non-essential goods and services that enhance comfort, luxury, or enjoyment beyond basic survival needs. This concept contrasts with "needs," which refer to essential requirements for living, such as food, water, and shelter.

Wants can include items like the latest smartphone or a luxury car, which are not necessary for survival but are desired for their enjoyment or status. This understanding helps in distinguishing between different consumer motivations and allows businesses to tailor their products and marketing strategies accordingly. Identifying wants is essential for economists and businesses because they drive consumer behavior and influence demand in the market.