LESSON 16.2 What are our needs and wants?
LEARNING INTENTION By the end of this lesson you should be able to:
• explain how consumers and producers work together • describe the difference between needs and wants • outline how goods and services meet those needs.
Tune in You probably know the story of Aladdin, a boy who ýnds a magic lamp with a genie that grants three wishes. We can relate to Aladdin when thinking about our needs and wants, as we all have wishes but limited resources. 1. Write a list of the three things you desire most and compare your list with the rest of the class. 2. Discuss with your class which of your three wishes satisýed needs. Which of your three wishes satisýed wants? 3. Explain the difference between needs and wants.
FIGURE1 Like Aladdin, we all have things we wish for. But often we have little chance of these wishes being granted.
16.2.1 Needs and wants Imagine you are alone on an island. To survive, you need essentials like food, clothing and shelter. These are called basic needs . Besides these, you might want things to make life better, like a bed, a torch, a ýshing rod, a comb, or a table and chair and a mobile phone. These are called wants . While they would be nice to have, you could survive without them. Even on a desert island, there are things you need for survival. Can you identify some basic needs?
548 Jacaranda Humanities Alive 7 Victorian Curriculum Third Edition
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