Needs and Wants

Air, shelter, and food are all examples of ______________

• needs

• wants

What is a want?

• A person

• Something you would like to have but don't need to live

• Purple

• Something you need to live

Does this person provide a good or a service?

• good

• service

What is a need?

• Nothing

• Something you have to have to live

• Something you would like to have

• Ice cream

Shelter is ​ ​a ​ (a)   for all humans. But, a mansion is an example of a ​ ​ (b)   .

• need

• want

• service

• good

Answer explanation

In economics, wants are things that we desire because they are nice to have, or make our lives better. Needs are things that we cannot survive without.

Match these numbered words as Need or Want.

• Need

• Candy

• Need

• New Nike shoes

• Want

• Food

• Need

• Clothes

• Want

• A place to live

Your dad buys the family a brand new swimming pool.

• need

• want

You have clothes in your closet but you saw a really cool shirt at the store and you want to buy it.

• need

• want

You buy glitter and markers to make your dad a special card on Father's Day.

• need

• want

Your mom puts 5 gallons of gas in her car.

• need

• want