K11 – Wants vs Needs

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Class Summary

Students will learn to identify the difference between a want and a need. They will begin to recognize what trading is and identify situations in which people trade. They will be able to distinguish between goods and services.

Lesson Slide

K11 – Wants vs Needs

Main Teaching Points

  • A need is something that you have to have to live. Jehovah made people to enjoy life, so he gave us the ability to have needs and wants. We get our needs from the environment in the Earth around us. A want is something that we don’t need to live, but we may want it anyway.
  • A good is something that we can trade money for. A good is anything you can hold or touch.
  • A service is another thing we can trade money for, but unlike goods we can’t hold or touch them. Services are jobs that people do for us

Discussion Questions

  • Questions about Needs and Wants:

    • How do we get things we need?
    • How do we get things we want?
    • What is the difference between something we want and something we need?
    • How do we use the environment to get what we want and need?
    • How did Jehovah make sure that our environment has all the things we need?

    Questions about Trading:

    • Can you tell me what it means to trade something?
    • Without money, how could we get what we need?
    • What are some things we can trade?
    • Have you ever traded something with someone before?
    • What did Esau trade Jacob for?

    Goods:

    • What if you had a supermarket? What could you sell to people? The things in the supermarket are goods.
    • What if you had a clothes shop? What kinds of goods could you sell to people?
    • What if you had a farm? What kinds of goods could you sell? Who would you sell them to?
    • Name a good that you last bought.

    Services:

    • What if you worked at the dry cleaners. What kind of a service would you sell to people?
    • What if you had a lawn care business, what kind of service would you sell to people?’
    • What if you worked at a bank? What kind of service would you provide? To who?

Vocabulary Words

  • Human wants – This is something that we can live without, but would like to have.
  • Human needs – Something that is required for life, something we will die without.
  • Goods – items you can buy, things that people make or grow to sell
  • Services – when people perform jobs for others
  • Trade – To give one thing to get another thing.
  • Consumer – people who buy goods or services to use

In-Class Activities

  • Invent a business together: Students will create a business together in the live class. Use a whiteboard to make note of their ideas and combine together. Make a list of what goods and services their business offers. Invite them to make a brochure advertising the goods and services their business offers and present it to the class later in Treeway groups.