Gr10_Wk1_ Needs VS Wants
Presentation
•
Business
•
10th Grade
•
Practice Problem
•
Easy
Mounira Lakas
Used 17+ times
FREE Resource
8 Slides • 5 Questions
1
Learning outcomes:
➢ Distinguish between needs and
wants.
➢ Describe the purpose of business
activity.
Homework: Activities on LMS
Unit 1
Introduction to
Business Activity
2
3
Things we need to survive,
they are limited, they
include:
Wants
Desires we can live without,
they are unlimited, examples
are:
Needs
4
Poll
Resources are........
Items produced by a business
all what a business need to produce.
found for free
desires customers buy to satisfy their needs.
5
Poll
..................are desires. We buy them to improve our quality of life for instance a Mercedes car.
Wants
Needs
6
Poll
Needs are crucial for survival.
True
False
7
8
Do you think we can
have all what we want?
Why?
What does a nation
need to satisfy its needs
and wants?
Critical thinking
2
9
Multiple Choice
Wants are unlimited but resources are limited.
Resources can be workers, money, time, ....
True
False
10
Why do businesses exist?
Business Activity
11
Poll
Businesses exist to.....
Make money by producing low quality products
satisfy consumers' needs and wants
use limited resources
sell products not needed by consumers
12
Group Activity 10mn
13
Learning outcomes:
➢ Distinguish between needs and
wants.
➢ Describe the purpose of business
activity.
Homework: Activities on LMS
Unit 1
Introduction to
Business Activity
Show answer
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