Define It
This term means limited resources and unlimited wants.
Scarcity
You choose to eat out instead of cooking at home.
Saving money or eating healthy
Basic groceries
Need
You spend $50 on clothes instead of food.
You don’t eat
The NBA that is located in Los Angles
The Los Angeles Lakers
This is the decision you make when picking one option over another.
Choice
You work extra hours instead of hanging out with friends.
Free time or social time
Streaming services
Want
You save money instead of going out with friends.
Going out or having fun
The player that is number one on the NBA all time scoring list.
LeBron James
This term describes what you give up when you make a decision.
Trade off
You buy new shoes instead of saving that money.
Saving money
Internet for school or work
Need
You study instead of working a shift.
Making money
This player scored 81 points in a single NBA game.
Kobe Bryant
This is the best thing you give up when you make a choice.
Opportunity costs
You live with roommates instead of living alone.
Having your own space
Upgrading your phone when yours works fine.
Want
You choose a cheaper apartment farther from work.
Longer commute time or spending more on gas
What is the name of the 76ers all-star point guard? (My favorite current player)
Tyrese Maxey