Needs & Wants
Things we must have to live.
What is a NEED?
When we pick between two things.
What is a CHOICE?
Things people grow or make.
What is GOODS?
We give one thing to get something else.
Money we put away until later.
What is to SAVE money?
A place to Live.
What is SHELTER?
When there is not enough of something.
What is SCARCE?
Children like to play with toys. The worker makes toys. WHAT IS THE EFFECT?
The worker makes toys for children.
Someone who grows or makes goods.
What is a PRODUCER?
This means to take something and promise to return it.
What is BORROW?
Things we would like to have.
What is a WANT?
When you give up one thing to get something else.
What is a TRADE-OFF?
Jobs people do to help others.
What is SERVICES?
Someone who uses goods and services.
What is a CONSUMER?
The work people do.
What is a JOB?
Coins or Bills that are used to buy things.
What is MONEY?
Three children want apples for a snack. There is only one apple. Two children must pick a different snack.
WHAT IS THE EFFECT?
Two children must pick a different snack.
Police Officer, Firefighters, Doctors, and more.
What are SERVICE WORKERS?
A place where goods are sold.
What is a MARKET?
Mark wanted to buy a new bike. He saved his money and bought the bike. What is the CAUSE?
Mark wanted to buy a new bike.