AI Tutor

Premium Lesson

Upgrade to unlock this lesson, practice questions, and your personal tutor.

This lesson is part of a track

Public learning track

Needs, Wants, and Making Economic Choices

5th Grade · Social Studies · US-UT-SS

6 lessons

Goal

Identify the difference between needs and wants and understand how scarcity requires making choices.

6 lessons
0 of 6 done
  1. Understanding Basic Needs: Food, Clothing, and ShelterYou are here
  2. Understanding Wants: Things We Would Like to HaveUp next
  3. Families Meet Needs in Different WaysNot started yet
  4. Sorting Everyday Items into Needs and WantsNot started yet
  5. What Is Scarcity: We Cannot Have Everything We WantNot started yet
  6. What Is Opportunity Cost: The Choice You Give UpNot started yet
View full track

Learning standards covered

us-ut1.4.1Utah Social Studies Standards · 5th Grade

Explain the costs and benefits of spending and saving in order to meet needs and wants.