Wants

Learning Object — Asset
Rate Wants

Asset: Wants

Pink circle of wants

Student Application

Learn why we work and why we spend.


Learning Objectives

  1. Students will know how people earn money. People earn money by working at jobs.
  2. Students will understand the difference between producers and consumers.
    1. Producers are those people who make or grow goods to sell, or those people who sell services. Goods include computers, automobiles, food...

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Supporting Activities

  1. To spend or not to spend: Prepare three pictures of items the students may wish to purchase: one should cost $150 (a 13" television); one should cost $2500 (a trip to Hawaii); and one should represent an unplanned expense (a $90 automobile tire). The unplanned expense should remain hidden from the class. Tell the students that they each have...

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Wants

Learning Object — Asset
Rate Wants

Asset: Wants

Boy licking ice cream cone/

Student Application

Some things people want. Some things people must have are called needs. Needs must be met before wants.


Learning Objectives

  1. Students will understand the difference between wants and needs. A want is anything that a person does not need, but would like to have. A need is anything that a person must have to live a comfortable, healthy, and safe life.
  2. Students will know about the many needs that humans require.

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