advanced need economies

16:32 Dec 10, 2009 

One of the ways that Wall Street describes economic demand is through the shorthand of "need" economies and "want" economies. A "want" economy is a healthy, growing economy in which consumers feel optimistic enough about the future to be willing to spend money on luxuries or things they merely "want."
On the other hand, there is the "need" economy. A "need" economy isn't necessarily a recessionary economy. But it is an economy that is tilted toward slow growth, if not contraction. In these economies, consumers are more inclined to save their money, and to have a relatively pessimistic outlook on the economic futures. Their buying habits tend to revolve around things they must have and would likely purchase regardless of how bad things got.
http://www.tradingmarkets.com/.site/Powerratings.net/Content...