Needs vs Wants
Things we must have to live
Needs
When you pick between two things you make a _______.
Choice
Things people grow or make
goods
When we give one thing to get something else
trade
to put money away until later
save
wants
When there is not enough of something, it is ______.
Scarce
List goods you would find at school
desks
paper
utensils
books
a person who grows or makes food is a ______.
Farmer
Producer
Grocer
Producer
to take something and promise to return it
borrow
Coins and bills that are used to buy things
Money
When you give up one thing to get something else
trade-off
Jobs people do to help others
services
A place where goods are sold
market
Where do most people save their money at?
Bank
List an example of a want
Answers vary:
TV, toys, electronics etc...
The work that people do is their _____.
Job
List as many NEEDS as you can
food
water
shelter
clothing
List a job that you have at school
Answers vary
to listen, to work hard, classroom jobs etc...