Answer:
1. Intangible is the things that exists but cannot be physically handle or unable to be touched. This may range from thoughts, ideas and even goods. Goods that are sold and consumed but is intangible includes load recharge, internet access, and intellectual properties.
2. Perishable pertains to those things that are doomed to perish or decay when not consumed in a period of time. This goods include Vegetables, fruits and other products that are likely to decompose easily.
3. Needs pertains to the things that are necessary to sustain life and/or aid with living. The basic human needs include water, food and shelter. In modern era. this could also pertains to the some technologies we use such as phones, wifi/data networks, computers and etc that are necessary to sustain work/ living in a community.
4. Wants pertains to the things that we mostly like to possess even though we aren't need it or unnecessary for our everyday life. This things mostly suffice our luxurious life, such as fashion statements, the trend and etc.
5. Demands pertains to the level which people patronizes a product or requesting a higher rate of production for a product to consume. For instance, Higher Demands is when people consume certain goods more than the supply.
Explanation:
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