Wants vs. Needs

Study

• Needs

• Wants

A barbie

• Needs

• Wants

Have breakfast

• Needs

• Wants

Eat an Ice Cream

• Want

• Need

What is the difference between needs and wants?

• Needs are things you do not need but would like to have, while wants are something you must have to live.

• Needs are something you must have to live, such as food, water, or shelter, while wants are something you do not need but would like to have.

• Wants are to use something from someone who loans it to you, while needs are to put money into a bank account.

• Needs are the price or amount you pay for something, while wants are the way we use and handle money for ourselves.

Which of the following would be considered a want rather than a need for most people?

• Warm clothes in the winter

• a place to live

• an iPhone 15 Pro

• nutritional food

Which of the following would be considered a want for most people?

• A Gucci jacket

• Transportation to get to work

• A place to live

• Nutritious food

A vacation is an example of a _________

• need

• want

________ are things that people would like to have.

• needs

• wants

• producers

• consumers

Which of these are examples of a need?

• Water

• Airpods

• Food

• Shelter

• Movie tickets