This resource examines the basic economic concept of needs and wants. It contains relevant questions and tasks that can engage students to explore this economic concept and its applications, with the goal to ideate innovative economic solutions to curb resource scarcity in their locality. This is suitable for the classroom.
English Language Arts
Speaking and Listening (K-12)
SL.1.1 Prepare for and participate in conversations across a range of topics, types, and forums, building on others' ideas and expressing their own.
Personal Finance & Economics
Personal Finance: Students understand the nature of personal finance as well as key foundational ideas by describing how spending, saving, and sharing are ways to use money.
Economics: Students understand the nature of economics as well as key foundational ideas by explaining how people make choices about how to use scarce resources and make individual and collaborative plans to meet their own needs and wants.