Lesson 1 of 84 · Economics
⭐ 30 XP⚓ Market PortNeeds vs. Wants
Needs are things we must have to survive: food, water, clothing, and shelter.
🎯 Your mission
Spot the cost behind the price.
⚡ The twist
Cheap for you usually means expensive for someone else.
Mind = Blown
🤯 Money used to be made of cocoa beans, salt, and even giant stones.
Then & Now
💱 This is happening in your local store every single day.
Needs are things we must have to survive: food, water, clothing, and shelter. Wants are extra things we would like, such as toys and candy.
Key Facts
Needs are different from wants.
Money helps people buy things.
Saving means keeping money for later.
Check Your Understanding
Question 1
1 of 2What is the difference between needs and wants?
Why this still matters
The next time you spend $1, ask: who else benefited besides you?
Stretch Challenge
Try this in real life this week.
Find two products that look similar but cost very different. Why?
For the dinner table
“If you had $20 to start a business, what would you sell?”
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