A
B
C
100

Things we must have to live

Need

100

The price of something

Cost

100

Police Officers

Government Workers


200

Things that we would like to have, but do not need to live

Want

200

Things people make or grow

Goods

200

Post Office Workers

Government Workers


300

There is not enough of something

Scarce

300

A person who makes or grows goods

Producer
300

Firefighters

Government Workers

400

The thing you give up when you make a choice

Opportunity Cost

400

A person who buys or uses goods

Consumer

400
Example of a Need

Water, food, shelter

500

A good result from a choice you make

Benefit

500

Examples of Government Workers

Firefighter, Police Officer, Post Office Worker

500

Example of a Want

TV, Bicycle, Compter