Economics for Kids: Needs and Wants

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In this lesson, children learn the difference between needs and wants, with needs being essential items for survival such as food, water, and shelter, while wants are non-essential items that enhance enjoyment, like toys and games. The lesson encourages kids to think critically about their daily requirements and provides examples to help distinguish between the two concepts. Additionally, it introduces ways people can obtain both their needs and some of their wants.
  1. What are some things you need every day to stay healthy and safe?
  2. Can you think of a toy or game that you want but don’t need to live?
  3. How can you tell the difference between a need and a want?

Economics for Kids: Needs and Wants

What are Needs?

Needs are things we must have to stay alive and healthy. These include food, water, air, and a place to live. We need food and water to keep our bodies strong, air to breathe, and a home like a house or apartment to keep us safe.

What Else Do You Need?

Everyone has different needs to stay safe and healthy. Think about what you need every day to feel good and be safe.

What are Wants?

Wants are things we would like to have but don’t need to survive. These can be toys, games, candy, or even a computer. Wants can be fun and make life more enjoyable, but they are not essential for living.

What Types of Things Do You Want?

Sometimes, it can be hard to tell if something is a need or a want. Let’s look at some examples to help us understand better.

Hmm, a Hamburger. Is That a Need or a Want?

We need food to live, but a hamburger is not a must-have. It’s just a type of food you might want to eat.

How About Trees and Plants? Are Those Needs or Wants?

Trees and plants are very important because they give us oxygen to breathe and lots of the food we eat.

What About a Car? Is That a Need or a Want?

This one can be tricky. Cars can make getting around easier, but they are not necessary. You can also walk, ride a bike, or use a bus to go places.

How Do People Get the Things They Need and Some of the Things They Want?

There are many ways people can get what they need and want. To learn more, you can watch other videos in this series. If you’re a teacher, you can find Teaching Without Frills on Instagram, Facebook, Pinterest, and TPT.

Thanks for learning with us!

  • Can you think of something you really need every day? Why is it important to you?
  • What is something you really want but don’t need? How would it make your day more fun?
  • Have you ever had to choose between a need and a want? What did you decide, and why?
  1. Needs and Wants Scavenger Hunt: Go on a scavenger hunt around your home or classroom. Find five items that are needs and five items that are wants. Draw a picture of each item and explain why it is a need or a want. Share your findings with a friend or family member and see if they agree with your choices.

  2. Create a Needs and Wants Collage: Use old magazines, newspapers, or printed images to create a collage. Cut out pictures of things you think are needs and things you think are wants. Glue them onto a piece of paper, dividing the paper into two sections: one for needs and one for wants. Discuss your collage with your class or family and talk about why you placed each item in its section.

  3. Story Time Reflection: Think about a story you know or a movie you have watched. Identify the needs and wants of the main character. What did they need to survive, and what did they want to make their life more enjoyable? Share your thoughts with a partner and discuss how the character’s needs and wants affected their actions in the story.

**Needs and Wants**
**Economics for Kids by Teaching Without Frills**

**What are needs?**
Needs are essential items required for survival, such as food, water, air, and shelter. We need food and water to maintain our health, air for breathing, and shelter like a house or apartment for safety.

**What else do you need?**
Everyone has different needs to stay safe and healthy.

**What are wants?**
Wants are items that you would like to have, such as toys, games, candy, and computers. While wants can be enjoyable and may make life easier, they are not necessary for survival.

**What types of things do you want?**
Sometimes, it can be challenging to determine whether something is a need or a want. Let’s consider a few examples.

**Hmm, a hamburger. Is that a need or a want?**
You need food to survive, but a hamburger is not essential; it may simply be a type of food you desire.

**How about trees and plants? Are those needs or wants?**
Plants are crucial because they produce essential items like oxygen and much of the food we consume.

**What about a car? Is that a need or a want?**
This can be a tricky one. Cars can make life more convenient for some people, but they are not necessary. Alternatives like walking, biking, or taking public transportation exist.

**So how do people acquire the things they need and some of the things they want?**
Check out the other videos in this series to learn more. If you’re a teacher, you can find Teaching Without Frills on Instagram, Facebook, Pinterest, and TPT.

**Thanks for watching!**

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