Needs vs. Wants Flashcards
1
Q
What is a need?
A
A need is anything necessary for human survival. Examples are things like food, shelter and water.
2
Q
What is a want?
A
A want is anything that we do not need to live. Examples are things like gadgets, toys, food crazes etc.
3
Q
What determines the value of natural resources?
A
It’s based on the demand for the item.
4
Q
If a natural resource is Expensive it is _________.
A
A want e.i Gold
5
Q
If a natural resource is cheap it is _________.
A
Not wanted or necessary e.i Algae
