Economic Resources and Work · Modern Era

Needs vs Wants

The basic economic problem of scarcity and how individuals and society make choices.

Key Questions

  1. 1How do we distinguish between needs and wants?
  2. 2Why can't we have everything we want?
  3. 3How does scarcity influence the price of goods?

ACARA Content Descriptions

AC9HASS6K09
Year: Year 6
Subject: HASS
Unit: Economic Resources and Work
Period: Modern Era

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