Needs and Wants

Front

In the context of Abigail saying she needs a new phone, what does 'need' mean?

Back

A requirement or essential item necessary for Abigail's living

Front

According to their discussion, which one is considered a need? Sophia wants to go on a vacation, Evelyn desires a piece of jewelry, Arjun needs a shelter, and they all like a designer handbag.

Back

Shelter

Front

According to William, Ethan, and Sophia, what are the three most basic needs in modern society?

Back

Shelter, food, and clothing

Front

What is a want in the context of Abigail's shopping list?

Back

Something you desire but don't need

Front

Samuel, William, and Isla are discussing their needs and wants. Which of the following is an example of a want mentioned by one of them? Shelter, Food, Water, Designer handbag

Back

Designer handbag

Front

How can Benjamin, Liam, and Elijah understand the difference between needs and wants?

Back

By listing everything on paper and prioritizing expenses

Front

Sophia wants to manage her finances better. What should she do to help decide her needs and wants?

Back

List her needs and wants and set priorities.

Front

Emma, David, and Abigail are discussing their financial goals. What is the key for them to make better spending decisions and achieve their goals?

Back

Distinguishing between needs and wants

Front

Aria, Arjun, and Hannah are discussing how to categorize their priorities when budgeting for their upcoming trip. What is the best approach they can take?

Back

By listing their needs and wants separately and setting priorities

Front

Ava, Grace, and Abigail are discussing their financial decisions. What factor influences their choices?

Back

The importance of needs and wants