Needs and Wants

Question 1

What are the layers of needs (from top to bottom) in Maslow’s hierarchy?

Answer 1

Self-actualization
Esteem
Love/Belonging
Safety
Physiological

Question 2

What defines a person (at least according to your EMS book)?

Answer 2

Their values, goals, needs and wants of the person

Question 3

What is the difference between a need and a want?

Answer 3

A need is required for life. A want is not required for life, but desired. A want can increase the quality of living.

Question 4

What causes scarcity?

Answer 4

Unlimited wants and needs combined with limited resources

Question 5

What are an individual’s basic needs?

Answer 5

Air to breathe
Water to drink and wash with
Food to eat
Shelter to live and be protected
Fuel for warmth and cooking
Clothes

Question 6

What are the basic needs of communities and countries?

Answer 6

Health services - clinics and hospitals
Transport services - roads, buses, trains
Communication services - postal, telephones, internet
Education services - schools and universities
Safety and security - police, army, fire fighters

Question 7

What are an individual’s social needs?

Answer 7

To have friends and to be part of a group
To feel that we belong somewhere
To give and to receive love

Question 8

What are self-esteem needs?

Answer 8

To feel good about ourselves
To achieve success
To be good at something
To feel that what we do is important and valuable
To be recognised and respected by others

Question 9

How do needs and wants affect communities?

Answer 9

They determine what products and services are bought and sold
Affect how communities work - eg. illegal drug use leads to gangs, crime and violence
Poor communities have no money to spend in local businesses
Wealthy people spend money in local businesses, and communities become prosperous.
Needs of a country are met by government.

Question 10

List the security needs.

Answer 10

To feel safe and secure
To feel that others will not hurt us
To feel that our belongings will not be taken or broken
Structure, rules, order
To live and work in a safe environment

Question 11

What is the economic problem?

Answer 11

Unlimited wants and needs, limited resources. Aka scarcity.

Question 12

What is economics?

Answer 12

The study of how people decide which needs to satisfy and how to satisfy them.

Question 13

What is the economic term for labour, capital, land and entrepreneurship?

Answer 13

Factors of Production

Question 14

What two kinds of efficiency apply to resource use. Explain them.

Answer 14

Technical efficiency - getting the most production out of resources
Allocative efficiency - produce goods and services that are most in demand

Question 15

What needs and wants are satisfied by water?

Answer 15

Habitat for animals
Drinking
Grow plants
Make electricity

Question 16

What is a community?

Answer 16

A large group of people who live or work together

Question 17

What does collective mean?

Answer 17

belonging to everyone

Question 18

What are public goods?

Answer 18

Things that the government provides that everyone in the community uses - e.g. a park

Question 19

What are public services?

Answer 19

Services that the government provides that everyone n the community needs - e.g. water and electricity

Question 20

What is a standard of living?

Answer 20

the level of income, wealth, comfort, material goods and necessities available to a person

Question 21

What are primary needs?

Answer 21

our most basic needs - food, water and safety

Question 22

What are secondary needs?

Answer 22

needs that develop once our primary needs have been met - e.g. social needs