Understanding Needs and Wants

What is a need?

• A type of food

• A luxury item

• Something you must have to live

• Something you desire to have

What is the difference between a need and a want?

• Needs help you survive; wants are additional desires

• Needs can be postponed; wants cannot

• Wants are cheaper than needs

• Needs are optional; wants are necessary

Why do communities provide water and electricity?

• For entertainment purposes

• To help people meet their needs

• To make money

• Because they are wants

What do people need to survive?

• Pets

• Money

• Air, food, water, shelter, and clothes

• Video games

What might be a safe place to live referred to in the video?

• A video game arcade

• A store

• A shelter

• A playground

What is an example of a want?

• Water

• Shelter

• Nintendo Switch

• Food

What might be a reason someone saves money?

• To buy a pony

• To purchase a new game

• For a birthday present

• All of the above

What is a service?

• A type of good

• Work someone does for someone else

• A need

• A product you can buy

How do people usually get what they need or want?

• Wishing for it

• Borrowing it

• Earning money and buying it

• Finding it

What is a good?

• A service

• A type of food

• Something that is nice

• An item that people buy or sell