Wants vs Needs Review

Choose all of the SERVICES

• Books
• Mechanic fixing a car

• Car
• Barber giving a haircut

Things you want.

• public wants
• private wants

Which of these are needs?

• food
• video games
• clothing
• makeup

These are the things that you must have to survive.

• wants
• needs

These can be physically weighed or measured.

• goods
• services

These are anything that people can use to make or get what they need or want.

• resources
• shcemes

____________ is any activity that seeks profit by providing goods or services.

• the stock market
• business

These are the things that you wish you had.

• wants
• needs

This is the amount of money left over after a business has paid for the cost of producing its goods or services.

• profit
• competiton

These are tasks that people or machines perform.

• goods
• services