Social Studies PACK-SOC-3 · WS-SOC-3-01
Wants, Needs, Goods & Services
Economics and Time — Understanding basic economics
๐Ÿ“ Directions: Sort wants and needs, make spending choices, and learn about goods and services!
Part A: Wants vs. Needs

A NEED is something you must have to live. A WANT is something nice to have.

foodvideo gameswatershoescandyhousetoysclothesmedicinebicycleairtablet
โœ… NEEDS. Must have to survive
โญ WANTS. Nice to have
Part B: My Choices

If you had $5 to spend, which would you choose? Think about needs first!

  1. Would you buy lunch or a toy? ___________ Why?
  2. Would you buy a book or candy? ___________ Why?
Part C: Goods and Services

A good is a thing you can buy. A service is work someone does for you.

applehaircutbookbus rideshirtcar washtoydoctor visit
๐Ÿ“ฆ Goods (Things)
๐Ÿ”ง Services (Work)