1. Needs and wants
... you need to learn about economics is acknowledging and describing the difference between a need and a want. You might thing it is easy to learn, but you"re wrong. Statistics show that two out of three high school graduates failed a simple need and want quiz. So what are needs and wants? A need is something you have to have, something you can't live without. An example of a need ... is food. We all need food to survive. It is essential in our lives to eat. If we didn't have food we would die of starvation. On the other hand, a want is something ... you where you acquire them from. Meat,...
- Word Count: 336
- Approx Pages: 1
- Grade Level: High School