Needs, Wants & Choices
Something a person has to have in order to survive.
What is a NEED?
A person that makes or grows something.
What is a PRODUCER?
What is GOODS?
What is HUMAN RESOURCES?
People exchanging goods or services without using money.
What is BARTER?
A need that is a place to live.
What is a SHELTER?
Someone who buys or uses things.
What is a CONSUMER?
A place where many goods are made.
What is a FACTORY?
Something people use that is found in nature.
What is NATURAL RESOURCES?
The buying and selling of goods and services.
What is TRADING?
Something that you would like to have, but do not need to survive.
What is a WANT?
What a person earns for doing a job.
What is INCOME?
Activities that people do to help other people.
What is SERVICES?
Not having enough resources to produce all the goods and services that we want.
What is a SCARCITY?
Looking at these will help people decide what to buy.
What is PRICES?