Economics

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SPENT. Social Studies | Learn about Needs and Wants. Activity 3: Needs and Wants. Participants make cards illustrating things they think they need and want to be healthy and happy.

Activity 3: Needs and Wants

Groups then sort these cards into "wants" and "needs. " The whole group discusses what it means when people’s basic needs are not met and the relation of basic human needs to human rights. 1. Ask participants, working in pairs or small groups, to create 10-20 cards that illustrate the things they think children need and want to be healthy and happy. Want vs. Need: Basic Economics Part 1. Want vs.

Want vs. Need: Basic Economics Part 1

Need: Basic Economics Part 1: Basic Wants and Needs One of the most basic concepts of economics is want vs. need. What are they exactly? A need is something you have to have, something you can't do without. Making you want things. Can you want something if you don't know it exists?

Making you want things

Clever people are always inventing new things, or new versions of old ones. But there's no money to be made out of a new type of shoe, digital camera or something if people don't know they're there to buy. So if you've made a new gadget you want to sell but nobody knows about it, what would you do? You've probably seen and heard many thousands of ads demanding that you must buy this or that 'new and improved' food, drink, soap, DVD player, game... the list goes on and on.

And (remember my. Find a Lesson. EconEdLink | a premier source of classroom-tested, Internet-based economic education lesson plans for K-12 teachers and their students.