This resource examines the basic economic concept of needs and wants. It contains relevant questions and tasks that can engage students to explore this economic concept and its applications, with the goal to ideate innovative economic solutions to curb resource scarcity in their locality. This is suitable for the classroom.
English Language Arts
Speaking & Listening (K-12)
1.SL.1 Participate in collaborative conversations with diverse partners about grade 1 topics and texts with peers and adults in small and larger groups.
1.SL.2 Ask and answer questions about key details in a text read aloud or information presented orally or through other media.
Financial Literacy (K-12)
2.10 Explain how inherited wealth and scarcity affect individual and group power and the ability to make decisions about personal savings and spending.