Needs and Wants

The video tutorial discusses the essential needs of plants and humans, highlighting the importance of air, water, food, and shelter for survival. It differentiates between needs and wants, emphasizing that while wants like televisions and cars improve life quality, they are not essential for survival. The tutorial also explores consumer choices, encouraging viewers to prioritize needs over wants when budgeting.

What are the basic needs of plants to survive?

• Air, sunshine, water, and soil

• Sunshine, water, and clothing

• Food, water, and a home

• Air, food, water, and shelter

Which of the following is NOT a basic human need?

• Television

• Food

• Shelter

• Clothing

Why are items like a car or refrigerator considered wants?

• They are free to obtain

• They make life more convenient

• They are necessary for health

• They are essential for survival

What should consumers do after purchasing all their needs?

• Decide which wants are most important

• Ignore their wants

• Save all their money

• Buy more needs

What is the main message about needs and wants?

• Understanding the difference helps in making better financial decisions

• We should only focus on our wants

• Wants are more important than needs

• Needs and wants are the same