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Economics Course for Kids: Needs and Wants

1 minutes 18 seconds

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Videos are generally available for preview to non-members as short clips. Limited full-length titles are also available. Log In to view the full length title.

Browse Full-length Non-member Titles

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Needs and Wants. Kid Explorer.”

What is the difference between wants and needs? In economics, needs are things that are essential for human survival, while wants are things that individuals may desire. Part of the "Economics Course for Kids" series.

Media Details

Runtime: 1 minutes 18 seconds

Topic: Business
Subtopic: Consumer Education, Economics, Finance and Banking
Grade/Interest Level: 4 - 8
Standards:

Release Year: 2021
Producer/Distributor: Kid Explorer
Series: Economics Course for Kids
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Dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “What is Economics. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Micro versus Macro. Kid Explorer.”

Dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Types of Economy. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Four Sectors of Economy. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, Goods and Services. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Needs and Wants. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Consumers and producers. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Supply and Demand. Kid Explorer.”