Needs and Wants

NEED OR WANT?

• NEED

• WANT

NEED OR WANT?

• NEED

• WANT

NEED OR WANT?

• NEED

• WANT

NEED OR WANT?

• NEED

• WANT

What is the difference between needs and wants?

• Needs are things you do not need but would like to have, while wants are something you must have to live.

• Needs are something you must have to live, such as food, water, or shelter, while wants are something you do not need but would like to have.

• Wants are to use something from someone who loans it to you, while needs are to put money into a bank account.

• Needs are the price or amount you pay for something, while wants are the way we use and handle money for ourselves.

________ are things that people would like to have.

• needs

• wants

• producers

• consumers

_________ are things that people must have to live.

• saving

• wants

• needs

• shopping

Which of the following would be considered a want for most people?

• A Gucci jacket

• Transportation to get to work

• A place to live

• Nutritious food

Which of these are examples of a need?

• Water

• Airpods

• Food

• Shelter

• Movie tickets

Look at the picture and label the items.

a

b

want

need