When backed by buying power,wants become ________.

A) demands
B) exchanges
C) social needs
D) self-esteem needs

Buying Power

The capacity of an individual or group to purchase goods or services, often influenced by income and economic conditions.

Wants

Desires or needs that drive consumer behavior, often going beyond basic necessities.

Demands

Consumer desires for specific goods or services supported by the ability and willingness to pay for them.