wants, needs, choices

What are choices?

• things we need

• things we want

• two or more things we can pick from

• money

What are wants?

• things we need

• things we would like to have

• two or more things we can pick from

• to use money to pay for something

What are needs?

• things necessary to live every day

• things we would like to have

• two or more things we can pick from

• to use money to pay for something

Food and water are wants.

• True

• False

You go to the store. Your mom says you can get a bracelet or a necklace. These are _______________.

• choices

• needs

• money

Timmy trades a chocolate cookie for a vanilla muffin. This is called

• barter

• purchase

• choice

• need

What is barter?

• to use money to pay for something

• necessary for every day

• two or more things

• to trade one thing for another thing

How can people meet their needs?

• Buy a lot of cookies and chips.

• use money, go to the store and buy things

• two or more things to pick from

Tina uses money to buy cookies in the supermarket. This is

• barter

• purchase

• need

• choice

What is cost?

• the money or price of something

• a choice

• something we need

• a store