Economy – Needs and Wants

Wants are desires for goods and services we would like to have but do not need. Many wants may seem like needs. Needs are a special kind of want, and refer to things we must have to survive, such as food, water, and shelter.

The content covered in this section:

• Differentiating the concept of needs and wants
• Identifying, describing and discussing the needs of individuals, families, communities and countries
• Distinguishing between primary and secondary needs
• Explaining unlimited needs
• Using limited resources to satisfy needs and wants

Sustainability related topics in CAPS:

• CAPS – EMS Limited resources to satisfy needs and wants

Click on and read the full PDF below and download the learner activity book here.