scarcity

Front

What is scarcity?

Back

Scarcity is when there are not enough resources to meet the wants and needs of people.

Tags

NGSS.MS-LS2-1

Front

If 8 people want a stuffed animal, is there a scarcity?

Back

Yes, there is a scarcity.

Front

If 6 people want a pencil, is there a scarcity?

Back

No, there is not a scarcity.

Front

If 5 people want an ice-cream, is there a scarcity?

Back

Yes, there is a scarcity.

Front

What is an economic want?

Back

Things people would like to have.

Front

What happens to the price of a scarce item?

Back

The price will go up.

Front

What is a resource?

Back

A resource is something that can be used to satisfy wants and needs.

Front

Give an example of a scarce resource.

Back

Water in a drought.

Tags

NGSS.MS-ESS3-4

Front

What does it mean to have unlimited wants?

Back

It means people always want more than what is available.

Tags

NGSS.HS-ETS1-1

Front

What is a need?

Back

A need is something essential for survival, like food and water.

Tags

NGSS.MS-LS2-1