Economics is highly related to what people want and need. Maslows hierarchy of needs and David Rock’s SCARF model both relate directly to this. Basically, they cover what motivates people, what they measure worth through or what they take as positive/negative value. The former also covers a point where, some desires/wants are not prioritized when more fundamental needs are unmet, so these motivations can also be dependent on circumstance.
Security will almost always come before luxury, for example.
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