Our Economy: Work & Money · Basic Economics
Wants vs. Needs
Students distinguish between things people must have to survive and things they would like to have.
Key Questions
- 1Why do we need food and shelter more than a new toy?
- 2Can a want for one person be a need for another?
- 3How do families decide what to buy first?
Common Core State Standards
C3: D2.Eco.1.K-2C3: D2.Eco.2.K-2
Grade: 1st Grade
Subject: Families & Neighborhoods
Unit: Our Economy: Work & Money
Period: Basic Economics
Suggested Methodologies
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