In: Economics
ILLUSTRATE THE MASLOW'S HIERARCHY OF NEEDS AND DISCUSS BRIEFLY WITH EXAMPLES.
Answer-The Maslow's hierarchy of needs-
1. Physiological Needs-Physiological means the physical health of the human being for the human survival.
Example-It includes air, food, water, clothing.
2. Safety and Security need-Safety needs means the guidelines and precautions for the safety and security of the human beings as well as employees of the organization.
Example-Security , order law, stability.
3.Love and belonging need -This is very important for social needs which involves the desire of interpersonal relationships.
Example-Friendship , trust , acceptance.
4. Esteem Needs-It refers to the need for respect, self-esteem, and self-confidence for the humans.
Example-Respect of the employees organization.
5.Self Actualization need- Self Actualization means self-actualized people are those who are fulfilled and doing all they are capable of.
Example-Personal potential, personal growth, etc.