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Needs, Wants, and Resources
Business Studies · 1st Year · Introduction to Personal Finance · 1.º Período

Needs, Wants, and Resources

Differentiating between essential needs and optional wants while identifying personal resources. Students analyse how these factors influence daily decision-making.

NCCA Curriculum SpecificationsJunior Cycle Business Studies LO 1.1Junior Cycle Business Studies LO 1.2

About This Topic

Differentiating between essential needs and optional wants while identifying personal resources. Students analyse how these factors influence daily decision-making.

Key Questions

  1. What is the difference between a need and a want?
  2. How do our personal resources limit our choices?
  3. How do our spending choices impact society?