Economic Need

Economic need refers to the necessity for financial resources to meet basic living requirements, such as food, shelter, healthcare, and education. Individuals or families experiencing economic need often struggle to afford these essentials due to low income, unemployment, or unexpected financial hardships. This concept is crucial for understanding social policies, welfare programs, and economic support systems designed to assist those in vulnerable situations, ensuring they have access to fundamental goods and services to enhance their standard of living and promote overall well-being.