Year 5 Revision Sheet: Understanding Resources

What is a need?

• Basic requirements for survival

• Desires or wishes

• Luxury items

• Unnecessary wants

What is a want?

• A basic necessity for survival

• Something that you would like but is not essential.

• A mandatory requirement

• A legal obligation

Resources are :

• Natural things, human abilities and equipment.

• A type of animal found in the wild

• A mathematical equation

• A historical event

Match the resource type to the example.

• machinery such as ladders and conveyor belts

• capital resources

• rainfall and a nearby creek

• human resources

• workers

• natural resources

Can clothing be both a need and a want? Why?

• Yes, because clothing is essential for protection and can also be a fashion statement.

• No, clothing is only a need for protection.

• Yes, but only in certain cultures.

• No, clothing is only a want for fashion.

Are needs the same for everyone? Why/why not?

• Yes, needs are the same for everyone.

• No, needs vary from person to person.

What is the difference between needs and wants?

• Needs are essential for survival, while wants are not.

• Needs and wants are the same.

• Wants are essential for survival, while needs are not.

Resources are anything that can be used to produce goods and services. They can be natural, human or capital.

• True
• False

Found in nature and are used by people to make things. (a)  

• Natural resources
• Human resources
• Capital resources

The human effort or knowledge required to make things and provide services. (a)  

• Human resources
• Natural resources
• Capital resources