"It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character"
- Alfred Marshall
About this Quote
This quote by Alfred Marshall is describing the 3 various sorts of items that people acquisition. Necessaries are items that are called for to satisfy basic needs, such as food, apparel, and shelter. Conveniences are goods that are not essential for survival, yet are still important for a comfy life, such as furniture, devices, and also home entertainment. Deluxes are items that are not important for survival or convenience, but are still desired by individuals, such as fashion jewelry, expensive autos, and also holidays. Marshall is suggesting that individuals prioritize their investing on goods that fulfill their most immediate needs initially, and afterwards proceed to goods that meet their less urgent demands.
"We should so provide for old age that it may have no urgent wants of this world to absorb it from meditation on the next. It is awful to see the lean hands of dotage making a coffer of the grave"
"When Thomas Edison worked late into the night on the electric light, he had to do it by gas lamp or candle. I'm sure it made the work seem that much more urgent"
"The most important and urgent appeal we have to make is for an immediate cease-fire. Initial reports from the cease-fire talks being held in N'Djamena in Chad are not very encouraging"
"As we get closer to the end of this Congress, we should be addressing the urgent needs of the American people - the war in Iraq, affordable health care, a sensible energy policy, quality education for our children, retirement security, and a sound and fair fiscal policy"
