Wants and Needs

Grade 545 minutes

Learning Objective

I can differentiate between things people want and things people need to survive.

Practice Questions

This lesson includes 7 practice questions to reinforce learning.

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1. What is a "need"? What is a "want"? Give one example of each.

2. Why does the video say it's important to know the difference between needs and wants?

3. Imagine you have $20. Name one thing you NEED to buy and two things you WANT to buy. Which is more important, the need or the wants? Why?

...and 4 more questions

Educational Video

Financial Literacy—Needs and Wants | Learn about needs, wants, and opportunity costs

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