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Conceptual Understanding
SS.K.ECO.9.a:
A need is something that a person must have for health and survival, while a want is something a person would like to have.
Standards Finder
NYS Social Studies Framework
Kindergarten
Economic Systems
People have economic needs and wants. Goods and services can satisfy people’s wants. Scarcity is the condition of not being able to have all of the goods and services that a person wants or needs.
A need is something that a person must have for health and survival, while a want is something a person would like to have.
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