Working in a Community · Basic Economics

Scarcity and Choice

Students explore the concept of having limited resources and how people must make choices about what they need versus what they want.

Key Questions

  1. 1What happens when there is not enough of something for everyone?
  2. 2How do we choose between a need and a want?
  3. 3Why can't we have everything we want?

Common Core State Standards

C3: D2.Eco.1.K-2
Grade: 2nd Grade
Subject: Communities Near & Far
Unit: Working in a Community
Period: Basic Economics

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