What are unnecessary but desired items that increase the quality of living called?

The term for unnecessary but desired items that enhance the quality of living is referred to as "wants." Wants encompass a wide range of products and services that people may desire to improve their quality of life but are not essential for basic survival or well-being. These can include luxury items, entertainment options, and various personal preferences that people might indulge in when their basic needs are met.

In contrast, essentials or needs are the fundamental requirements necessary for survival, such as food, clothing, and shelter. Desires can often be intertwined with wants but may not specifically refer to material goods; they can include emotional or psychological aspirations. Understanding the distinction between these terms is crucial in business management and personal finance, as it helps in prioritizing spending and resource allocation effectively.