This analysis also makes people aware of the consequences of their actions for themselves and others, and leads to a heightened sense of responsibility and accountability. People make choices because they can't have everything they want. Identify some choices they have made and explain why they had to make a choice. Economic wants are desires that can be satisfied by consuming a good, service, or leisure activity. Match a list of wants with the correct example of a good, service or leisure activity that satisfies each want.
Goods are objects that can satisfy people's wants.
Create a collage representing goods that they or their families consume. Services are actions that can satisfy people's wants. Create a collage representing services that they or their families consume. People's choices about what goods and services to buy and consume determine how resources will be used. Explain why a choice must be made, when given some land and a list of alternative uses for the land.