Economics

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Economics

• Wants and needs
• Goods and services
• By Mrs. Vititoe

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What are wants and needs?
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A want is

• something that people would like to have.

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A need is

• something that people have to have in order to
  live.

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What are some examples of a want?
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Swimming Pool
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Candy bar
Cake
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Transportation
Bike
Vehicle
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Toys
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Entertainment
Television/movies
Books
Games
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What are some examples of a need?
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Food
Vegetables
Meat/Protein
Dairy
Fruits
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Water
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Shelter
Mobile Home
House
Touareg women shelter
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Clothing
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Medicine
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What are goods and services?
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Goods are

• something that a person wants or needs that can
  be touched or held.

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A service is

• something that people do for other people.

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What are some examples of goods?
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What are some examples of a service?
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Resources

• http//images.google.com
• http//cte.jhu.edu/techacademy/fellows/Medvetz/web
  quest/index.htmlhome20pag
• Microsoft Clipart